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2. Documents needed for mortgage preapproval - AOL

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

   Here’s a checklist of what you need to get a mortgage preapproval letter. ... Loan statements from the past 60 days – auto loans, credit cards, personal loans, student loans and others.

3. The Mortgage Pre-approval Letter: What It Is and Why ... - AOL

   www.aol.com/mortgage-pre-approval-letter-why...

   If you’re about to start house hunting, it’s best to go into the process armed and ready. That includes lining up financing before you walk into your dream home. A mortgage pre-approval letter ...

4. How to get preapproved for a mortgage - AOL

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

   In general, lenders like to see a mortgage payment taking up no more than 28 percent of your gross monthly income and your total debt payments (which include credit cards, car loans and other ...

5. 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.

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. Looking to buy your first home? Here's why (and how) to get ...

   www.aol.com/looking-buy-first-home-heres...

   While getting pre-approved does not guarantee you a loan offer — a home appraisal is usually required before a lender will finalize a mortgage's terms — it gives you a better understanding of ...