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2. 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 ...

3. 13 Tips On How To Get Preapproved for a Mortgage - AOL

   www.aol.com/13-tips-preapproved-mortgage...

   “During the application process, they will ask you to submit your previous tax records, W2s or 1099s, pay stubs from [your] current employer, debt payments [and] how much cash you have in a bank ...

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

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

   How to get started with mortgage prequalification. Contact a lender. Prequalification is typically done online, but you can also reach out to a bank, credit union or mortgage lender to start the ...

5. 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 ...

6. What’s the Difference Between Being Prequalified and ... - AOL

   www.aol.com/difference-between-being-pre...

   Prequalification Getting prequalified is generally easier and faster than getting preapproved. To prequalify you, lenders will typically ask you for some financial information like your income and ...

7. How to shop for a mortgage without hurting your credit score

   www.aol.com/finance/shop-mortgage-without...

   This gives you a soft credit check mortgage exploration option. To prequalify you for a loan, lenders check your credit report but conduct a “soft” inquiry, or “soft pull,” in which they ...

8. 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.

9. Loan servicing - Wikipedia

   en.wikipedia.org/wiki/Loan_servicing

   Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. In the United States, the vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing ...