The financing process involves several steps leading up to securing a loan and closing the transaction. Once the application is made the loan goes into "underwriting". During this stage the lender is making a decision on the creditworthiness of the buyer. This is one of the areas in which discrimination is allowed in real estate! Discrimination based on financial factors, such as ability to pay, income and FICA credit score. Would it be a good thing for a buyer to have a Pre- Approval? Why would a buyer go to the trouble of a Pre- Approval? How would the Seller and the Buyer benefit, if at all from a Pre-Approval? The financing process involves several steps leading up to securing a loan and closing the transaction. Once the application is made the loan goes into "underwriting". During this stage the lender is making a decision on the creditworthiness of the buyer. This is one of the areas in which discrimination is allowed in real estate! Discrimination based on financial factors, such as ability to pay, income and FICA credit score. Would it be a good thing for a buyer to have a Pre- Approval? Why would a buyer go to the trouble of a Pre- Approval? How would the Seller and the Buyer benefit, if at all from a Pre-Approval