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2. How to read and compare mortgage loan estimates - AOL

   www.aol.com/finance/read-compare-mortgage-loan...

   A mortgage loan estimate spells out the estimated costs associated with obtaining a home loan, whether you’re buying a home or refinancing to a new loan. Here’s our breakdown of what exactly ...

3. How to get a mortgage when you’re self-employed - AOL

   www.aol.com/finance/mortgage-self-employed...

   “A loan qualification is based on your taxable income shown on your personal 1040 federal tax returns,” says DeSimone. If earned income is verified by 1099 forms, rather than W2s, you’re ...

4. Income requirements to qualify for a mortgage - AOL

   www.aol.com/finance/income-requirements-qualify...

   FHA loans: Insured through the Federal Housing Administration, FHA loans have more lenient credit score and DTI ratio requirements than conventional mortgages. The minimum down payment is 3.5 percent.

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. Good faith estimate - Wikipedia

   en.wikipedia.org/wiki/Good_faith_estimate

   Loan Estimates are considered binding in that the lender's costs cannot change and if the lender's estimates of third-party costs are off by more than 10% the lender must cover the difference (this is called "curing"). [3] The Loan Estimate covers all the costs associated with buying a home, even if they are not related to the actual mortgage.

7. First-time homebuyer guide - AOL

   www.aol.com/finance/first-time-homebuyer-guide...

   How to read a mortgage loan estimate. Questions to expect from a mortgage lender. Step 9: Hire a home inspector. After your offer is accepted, hire a home inspector to evaluate the property. Your ...

8. Full documentation loan - Wikipedia

   en.wikipedia.org/wiki/Full_documentation_loan

   In the United States, full documentation loan refers to a loan where all income and assets are documented. [1] It is typically referred to as a "full doc" loan in the mortgage industry and is a common type of loan used for financing a home purchase.

9. What percentage of your income should go to a mortgage? - AOL

   www.aol.com/finance/percentage-income-mortgage...

   Test it out with Bankrate’s mortgage calculator. Save up for a bigger down payment: The more money you put down, the less you’ll need to borrow for your mortgage. Plus, if you can put down at ...