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  2. 13 Tips On How To Get Preapproved for a Mortgage - AOL

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

    Nelson explained that to get preapproved for a mortgage, you will need to provide various financial documents such as pay stubs, tax returns, bank statements and any other relevant paperwork.

  3. How to get preapproved for a mortgage - AOL

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

    Mortgage preapproval vs. mortgage final approval. ... If you are seeking a conventional mortgage, you’ll likely need a minimum credit score of 620, though requirements may vary by lender.

  4. Documents needed for mortgage preapproval - AOL

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

    Getting preapproved for a mortgage is an important step in the homebuying process and requires the lender to evaluate your credit history and financial information.

  5. Loan origination - Wikipedia

    en.wikipedia.org/wiki/Loan_origination

    The mortgage business consists of a few people: the borrower, the lender, and sometimes the mortgage broker. The people that originate the loans are usually the mortgage broker or the lender. Depending if the borrower has credit worthiness, then he/she can be qualified for a loan. The norm qualifying FICO score is not a static number.

  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. 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.

  8. 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 ...

  9. Mortgage prequalification vs. preapproval: Which is best? - AOL

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

    Lenders may differ in how they use the terms, but a mortgage preapproval is generally the more thorough and helpful in determining how large of a mortgage you can get.

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