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2. Documents needed for mortgage preapproval - AOL

   www.aol.com/finance/documents-needed-mortgage...

   Down payment gift letter, if applicable Information on other real estate if you have multiple properties Loan statements from the past 60 days – auto loans, credit cards, personal loans, student ...

3. How to get preapproved for a mortgage - AOL

   www.aol.com/finance/preapproved-mortgage...

   Final approval: The lender completely authorizes your application to borrow funds to buy a particular property. It thoroughly reviews your finances and pending purchase, including verifying ...

4. 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.

5. Mortgage prequalification vs. preapproval: How to time these ...

   www.aol.com/finance/mortgage-prequalification-vs...

   Preapproval: What it is and how it works. Preapproval is a much more comprehensive process than prequalification. Mortgage preapproval is a lender's conditional commitment to offer you a specific ...

6. 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 ...

7. HUD-1 Settlement Statement - Wikipedia

   en.wikipedia.org/wiki/HUD-1_Settlement_Statement

   Federal regulations require that unless its use is specifically exempted, either the HUD-1 or the HUD-1A, as appropriate, must be used for all mortgage transactions that are subject to the Real Estate Settlement Procedures Act. Prior to October 3, 2015, the form was used in closed-end consumer credit transactions that were secured by real ...