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Loans 6 min read

Preparing Before Applying for a Loan

A little preparation can mean a better rate, a smoother approval and fewer surprises. Use this checklist first.

Check your reports first

Pull all three credit reports and confirm everything is accurate before a lender sees them. Dispute errors early — investigations take time.

Know your numbers

Know your score range, your DTI and how a new payment fits your budget. Lenders will calculate these anyway; it's better if you already have.

Pre-qualify with soft pulls

Use pre-qualification tools that don't affect your score to compare realistic offers before formally applying.

Gather your documents

Recent pay stubs, tax returns, bank statements and ID. Having them ready shortens approval time and shows lenders you're organized.

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