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  2. Mortgage prequalification vs. preapproval: Which is best? - AOL

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

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  3. Prequalified vs. preapproved: What’s the difference? - AOL

    www.aol.com/finance/prequalified-vs-preapproved...

    While there are differences between getting preapproved vs. prequalified, both processes usually involve credit checks: a soft check for prequalification and a hard check for preapproval.

  4. What’s the Difference Between Being Prequalified and ... - AOL

    www.aol.com/difference-between-being-pre...

    Preapproval Getting preapproved is a much more formal and involved process. Your lender will ask you to submit documentation to prove your income and financial assets such as cash you intend to ...

  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. 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. Side letter (contract law) - Wikipedia

    en.wikipedia.org/wiki/Side_letter_(contract_law)

    Side letters may also be used in relation to private fund contracts, for example a particular investor may wish to vary the terms of a limited partnership agreement with respect to that particular investor. An investor might be seeking more favourable terms under the contract or might need the side letter to enter the venture under terms to ...

  8. 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 ...

  9. How to get preapproved for a mortgage - AOL

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

    Preapproval: Preapproval doesn’t guarantee you a loan; it’s just one step toward approval. The lender gives your finances a brief overview and, based on that, agrees in principle to loan you ...