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

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

    First-time buyer loans typically have more flexible requirements, such as a lower down payment and credit score. ... and pre-kindergarten through 12th grade teachers. If you work in one of these ...

  3. 14 Things You Must Do Before Buying Your First Home - AOL

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

    Get Pre-Approved for a Mortgage Loan “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 ...

  4. First-time homebuyer guide - AOL

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

    The next step in this first-time homebuyer guide is to get preapproved for a mortgage. A preapproval is a written, preliminary commitment from a lender to loan you a certain amount of money.

  5. How to get preapproved for a mortgage - AOL

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

    Yes, you can get preapproved for a mortgage as a first-time homebuyer, and it’s a good idea to do so before you start seriously looking for a home. The same guidelines often apply for first-time ...

  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. 16 first-time homebuyer mistakes to avoid - AOL

    www.aol.com/finance/16-first-time-homebuyer...

    How this affects you: An important thing to know as a first-time homebuyer is that any new loans or credit card accounts on your credit report can jeopardize the closing and final loan approval ...

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