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  2. How to get preapproved for a mortgage - AOL

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

    It also shows sellers that you’re serious about buying a home. While the U.S. housing sales began to slow in 2024, it still remains a seller’s market, with prices high and inventory low.

  3. 13 Tips On How To Get Preapproved for a Mortgage - AOL

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

    “Start saving early and aim to have at least 20% of the home’s purchase price for a down payment.” Additionally, having 20% down will typically prevent the need to take out private mortgage ...

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

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

    Preapproval: What it is and how it works. Preapproval is a much more comprehensive process than prequalification. Mortgage preapproval is a lender's conditional commitment to offer you a specific ...

  5. 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.

  6. 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loan amount; Whether or not the application was a request for pre-approval; The type of action taken (approved, denied, withdrawn, etc.)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

  7. Documents needed for mortgage preapproval - AOL

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

    Whether buying or refinancing a home, getting preapproved is a crucial step in the process of applying for a mortgage. Before you are preapproved, though, the lender will need to review and verify ...

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