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

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

   That includes lining up financing before you walk into your dream home. A mortgage pre-approval letter demonstrates that you have the financial means to buy a house, helping you stand out as a ...

3. How to get preapproved for a mortgage - AOL

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

   Mortgage preapproval vs. mortgage final approval. ... If you are, you’ll be issued a preapproval letter stating the loan amount and maximum home purchase price you were approved for, along with ...

4. Documents needed for mortgage preapproval - AOL

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

   You will also need to provide information about your current mortgage, including the lender’s name and account number, loan type, monthly payment amount, outstanding balance and credit limit.

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

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

   Get a preapproval letter. If approved, you’ll receive a preapproval letter that states the loan amount you qualify for. This letter is typically valid for about 90 days and can be used to make ...

7. 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.