Being pre-approved will help you be a better buyer in a fast paced housing market like Bozeman. Getting pre-approved means a lender has reviewed your financial information and has let you know how much you can afford and how much they will loan you. This will also give you the opportunity to shop lenders and find the best interest rate as well as compare processing and other fees.
It’s important that you don’t make any big moves with your money or credit for about 3-6 months before buying a home or you could have a hard time getting a loan. Opening any new lines of credit or making large purchases might inhibit you from getting the best deal possible.
While considering the purchase price of a potential home, be sure to look into costs associated with the home like taxes or HOA dues. They can quickly increase your monthly payment.