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2. Documents needed for mortgage preapproval - AOL

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

   When you make an offer on a home, including a preapproval letter from a mortgage lender shows the seller you’re a legitimate buyer with financing. In fact, some sellers demand prospective buyers ...

3. 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.

4. How to get preapproved for a mortgage - AOL

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

   A mortgage preapproval is a statement, usually a document or letter, indicating how much money a lender is willing to let you borrow to pay for a home. ... preapproval differs from actual mortgage ...

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. 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. ... "Then, number two, the pre-approval letter is normally ...

7. 13 Tips On How To Get Preapproved for a Mortgage - AOL

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

   Nelson explained that to get preapproved for a mortgage, you will need to provide various financial documents such as pay stubs, tax returns, bank statements and any other relevant paperwork.

8. Mortgage application: What’s included and how to prepare - AOL

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

   With many mortgage lenders, you can apply for a mortgage online and complete the process in 45 minutes or less — if you have all of your information ready beforehand. That’s a big if, of course.

9. 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 ...