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2. Prequalified vs. preapproved: What’s the difference? - AOL

   www.aol.com/finance/prequalified-vs-preapproved...

   A mortgage preapproval is a letter or written statement specifying your maximum loan amount and the lender’s commitment to fund the loan if your financial situation remains unchanged.

3. VA Certificate of Eligibility: What it is and how to get one

   www.aol.com/finance/va-certificate-eligibility...

   No, a VA loan letter of eligibility does not guarantee approval for a mortgage. A VA loan can still be denied for many reasons, including unstable or insufficient income, credit score issues ...

4. What is conditional approval in a mortgage application? - AOL

   www.aol.com/finance/conditional-approval...

   A normal part of the mortgage application process, conditional approval means the lender will give you a home loan, provided you address certain additional criteria.

5. Proof of funds - Wikipedia

   en.wikipedia.org/wiki/Proof_of_Funds

   A blocked POF letter is a letter from a financial institution or government that approves the halting or reserving of a person's funds on behalf of them. [10] Governments can reserve a country's funds by restricting the maximum amount of funds that is allowed to be spent at a certain period of time in order to control the country's cash flow. [11]

6. Pre-approval - Wikipedia

   en.wikipedia.org/wiki/Pre-approval

   In lending, a pre-approval is the pre-qualification for a loan or mortgage of a certain value range. [1]For a general loan a lender, via public or proprietary information, feels that a potential borrower is completely credit-worthy enough for a certain credit product, and approaches the potential customer with a guarantee that should they want that product, they would be guaranteed to get it.

7. Pre-qualification - Wikipedia

   en.wikipedia.org/wiki/Pre-qualification

   In a mortgage context, pre-qualification denotes a process that has not yet been underwritten by the lending institution. Typically, subprime lenders will allow 50% DTI. . Common monthly debts used for calculating DTI are mortgage (or new mortgage payment), auto payment(s), minimum credit card payment(s), student loans, and any other common monthly or revolving debt that is on the applicant's ...