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2. Guide to first-time homebuyer loans and programs - AOL

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

   A down payment or first-time homebuyer grant is essentially free money to help you cover your down payment or closing costs. The grants are usually awarded to low- or moderate-income borrowers ...

3. A Step-By-Step Guide to Buying Your First Home - AOL

   www.aol.com/step-step-guide-buying-first...

   4. Get Preapproved for a Mortgage. You’ll position yourself as a strong buyer if you’re preapproved for a mortgage before you start house hunting and putting in offers. “Oftentimes the ...

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

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

   Depending on the lender, this process could happen in minutes or take up to a week or more. Online lenders tend to turn around preapprovals in as little as one or two days. Get a preapproval letter.

5. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.

6. 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.

7. Mortgage underwriting in the United States - Wikipedia

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

   Credit is what the underwriter uses to review how well a borrower manages his or her current and prior debts. Usually documented by a credit report from each of the three credit bureaus, Equifax, Transunion and Experian, the credit report provides information such as credit scores, the borrower's current and past information about credit cards, loans, collections, repossession and foreclosures ...

8. 14 Things You Must Do Before Buying Your First Home - AOL

   www.aol.com/14-things-must-buying-first...

   “This means that a lender has reviewed your credit and finances and has agreed to lend you a certain amount of money to buy a home,” said Linda Schroder, real estate investor at Cash For ...

9. Second mortgage - Wikipedia

   en.wikipedia.org/wiki/Second_mortgage

   The application fee is charged to potential borrowers for processing the second mortgage application. This fee varies between lenders and is typically non-refundable. The origination fee is charged at the lender's discretion and is associated with the costs of processing, underwriting and funding the second mortgage. [37]