The short answer is “yes.” There are many reasons why you should get pre-approved before looking for a new home. Talking with a bank will help you understand what you can afford. You won’t waste time figuring out if a home is outside your budget. When you find a home you love, you’ll want the best chance that the seller will accept your offer. Getting pre-approved by a mortgage lender shows the seller you can afford the property. Additionally, a mortgage professional can explain the different first-time homebuyer programs available and the costs associated with buying a home. They can also offer advice on the best types of financing.