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

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

   While some loan programs allow for lower down payments, having a larger down payment can increase your chances of getting preapproved for a mortgage and could result in better loan terms, Nelson said.

3. How to get preapproved for a mortgage - AOL

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

   Final approval: The lender completely authorizes your application to borrow funds to buy a particular property. It thoroughly reviews your finances and pending purchase, including verifying ...

4. Mortgage application: What’s included and how to prepare - AOL

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

   Most lenders in the U.S. use the Uniform Residential Loan Application, but you might come across another similar application in the process of finding financing for a home. All applications have ...

5. Home Mortgage Disclosure Act - Wikipedia

   en.wikipedia.org/wiki/Home_Mortgage_Disclosure_Act

   The purpose of the loan (home purchase, home improvement, refinancing) Owner occupancy of the property (owner occupied or non-owner occupied) The loan amount; Whether or not the application was a request for pre-approval; The type of action taken (approved, denied, withdrawn, etc.) The date of action taken

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. Mortgage underwriting in the United States - Wikipedia

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

   Loan to value is a ratio of the loan amount to the value of the property. In addition, the combined loan to value (CLTV) is the sum of all liens against the property divided by the value. For example, if the home is valued at $200,000 and the first mortgage is $100,000 with second mortgage of $50,000, the LTV is 50% while the CLTV is 75%.