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

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

   Key takeaways. Prequalification is a simple, quick process that provides a general indication whether you would qualify for a mortgage. Preapproval requires providing extensive documentation ...

3. 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 ...

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

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

   Lenders may differ in how they use the terms, but a mortgage preapproval is generally the more thorough and helpful in determining how large of a mortgage you can get. Mortgage prequalification vs ...

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. Loan origination - Wikipedia

   en.wikipedia.org/wiki/Loan_origination

   The application should pre-fill demographic data if the applicant is an existing client and has logged in. Make it easy, quick, and friendly for the applicant (so they actually complete the application and don't abandon) Get a current credit report; Prequalify (auto-decision) the application and return a quick response to the applicant.

7. How to get preapproved for a mortgage - AOL

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

   Mortgage preapproval vs. mortgage final approval. Just as prequalification and preapproval are different, preapproval differs from actual mortgage approval too. Preapproval: ...

8. 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 ...

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

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

   This is why getting pre-approved for a mortgage is important. As a first-time buyer, it can be hard to know how much home you can afford. This is why getting pre-approved for a mortgage is important.