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  2. What is conditional approval in a mortgage application? - AOL

    www.aol.com/finance/conditional-approval...

    Applying for a loan to buy a house means meeting the standards and criteria set by a mortgage lender. That requires the fairly involved process of providing it with your financial documents (be ...

  3. Mortgage - Wikipedia

    en.wikipedia.org/wiki/Mortgage

    During the mortgage loan approval process, a mortgage loan underwriter verifies the financial information that the applicant has provided as to income, employment, credit history and the value of the home being purchased via an appraisal. [4] An appraisal may be ordered. The underwriting process may take a few days to a few weeks.

  4. Mortgage broker - Wikipedia

    en.wikipedia.org/wiki/Mortgage_broker

    In the event that the loan is paid back by the borrower within 24 months of the loan settlement, mortgage brokers are charged a "clawback" fee by the lenders since the loan is considered "unprofitable". The amount is usually 0.66% of the loan amount for loans paid back in the first 12 months and 0.33% for loans paid back in the next 12 months.

  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. How long do you have to wait for SBA loan approval? - AOL

    www.aol.com/finance/long-wait-sba-loan-approval...

    4. Wait for approval (varies on the loan type, up to 90 days) Approval times vary by loan type and lender. For example, the SBA will review an application for a Standard 7(a) loan within five to ...

  7. How to get a business loan in 6 steps - AOL

    www.aol.com/finance/business-loan-6-steps...

    2. Decide how much you can afford to borrow. At the end of the day, how much you can afford to borrow depends on the wiggle room in your business finances.

  8. Minutes - Wikipedia

    en.wikipedia.org/wiki/Minutes

    Minutes, also known as minutes of meeting (abbreviation MoM), protocols or, informally, notes, are the instant written record of a meeting or hearing. They typically describe the events of the meeting and may include a list of attendees, a statement of the activities considered by the participants, and related responses or decisions for the ...

  9. Loan agreement - Wikipedia

    en.wikipedia.org/wiki/Loan_agreement

    It is also possible to subcategorize on whether the loan is a secured loan or an unsecured loan, and whether the rate of interest is fixed or floating. Promise to Repay Forms of loan agreements vary tremendously from industry to industry, country to country, but characteristically a professionally drafted commercial loan agreement will ...

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