Getting pre-approved for a mortgage offers several advantages for first-time home buyers. It provides a clear understanding of your budget by determining how much you can borrow, which helps you focus on homes within your price range. Pre-approval also strengthens your offer by showing sellers you are a serious buyer with secured financing, making your bid more competitive. Additionally, it can speed up the closing process since much of the paperwork and verification are completed in advance. Plus, with rate protection for 120 days, you’re safeguarded against rate increases, ensuring your mortgage rate remains stable. Overall, pre-approval gives you confidence and a strategic edge in the home-buying process.