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2. Understanding the mortgage underwriting process - AOL

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

   A lower credit score can make it more difficult to get approved for a mortgage, and make your loan more expensive with a higher interest rate. Work to enhance your creditworthiness by: Paying down ...

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

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

   Lenders perform a hard credit inquiry for preapproval, which temporarily dings your credit score by around five points for most people. Borrowers with a very good FICO score of 740 and up tend to ...

4. Documents needed for mortgage preapproval - AOL

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

   The credit history documents required for a home loan might include: Credit reports and scores, retrieved by the lender with your authorization ... eligible for the loan, many mortgage lenders can ...

5. Mortgage underwriting in the United States - Wikipedia

   en.wikipedia.org/wiki/Mortgage_underwriting_in...

   This is calculated by adding the monthly liabilities and obligations (mortgage payments, monthly credit and loan payments, child support, alimony, etc.) and dividing it by the monthly income. For an example, if a borrower has a $500 car payment, $100 in credit and loan payments, pays $500 in child support and wants a mortgage with payments ...

6. Loan origination - Wikipedia

   en.wikipedia.org/wiki/Loan_origination

   Certain people and organizations specialize in loan origination. Mortgage brokers and other mortgage originator companies serve as a prominent example. There are many different types of loans. For more information on loan types, see the loan and consumer lending articles. Steps involved in originating a loan vary by loan type, various kinds of ...

7. How to get preapproved for a mortgage - AOL

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

   In general, lenders like to see a mortgage payment taking up no more than 28 percent of your gross monthly income and your total debt payments (which include credit cards, car loans and other ...