video1.0<iframe src="https://www.loom.com/embed/f958776038d647259dca61b5106b8521" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/f958776038d647259dca61b5106b8521-b11c91314db78fd7.gif90.79466599999999This Loom explains how mortgage pre-approval amounts are based on the monthly payment rather than the listed purchase price. It notes that changing factors like property taxes and especially monthly HOA dues can shift the pre-approved purchase amount, illustrated by comparing a rural home at about $3,000 per month to beachfront condos with about $2,000 in HOA dues. The lender will adjust the pre-approval for each property where an offer is planned to ensure accuracy and to provide a video update for the listing agent. It encourages viewers to read the details below and reach out before making an offer so the listing agent has the right information for the highest likelihood of success.