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2. What to do when your mortgage application gets denied - AOL

   www.aol.com/finance/mortgage-application-gets...

   In this situation, your mortgage may be denied due to student loans, credit card payments or other financial obligations. Most of the time, lenders want to see a DTI of less than 43 percent.

3. What is conditional approval in a mortgage application? - AOL

   www.aol.com/finance/conditional-approval...

   A normal part of the mortgage application process, conditional approval means the lender will give you a home loan, provided you address certain additional criteria. Common conditions to change ...

4. Mortgage rates are dropping: How much does a 1% rate ... - AOL

   www.aol.com/finance/how-much-does-1-percent...

   It improves your chances of loan approval, because lower payments tell the lender you’re at less risk of defaulting on the loan. The average mortgage in 2024 is roughly $400,000. Here's a look ...

5. Credit scorecards - Wikipedia

   en.wikipedia.org/wiki/Credit_scorecards

   Credit scores usually range from 300 to 850 showing the customer's creditworthiness. A customer with a high credit score shows that they are creditworthy and banks will have no problem giving them a loan. If a customer has a low credit score then banks would be hesitant to give out a loan and if they do it might be with a higher interest rate. [7]

6. Peer-to-peer lending - Wikipedia

   en.wikipedia.org/wiki/Peer-to-peer_lending

   During the period from 2006 through October 2008 (referred to as 'Prosper 1.0'), Prosper issued 28,936 loans, all of which have since matured. 18,480 of the loans fully paid off and 10,456 loans defaulted, a default rate of 36.1%. $46,671,123 of the $178,560,222 loaned out during this period was written off by investors, a loss rate of 26.1%.

7. Credit score - Wikipedia

   en.wikipedia.org/wiki/Credit_score

   The CIBIL credit score is a three digit number that represents a summary of individuals' credit history and credit rating. This score ranges from 300 to 900, with 900 being the best score. Individuals with no credit history will have a score of −1. If the credit history is less than six months, the score will be 0.