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  2. Mortgage prequalification vs. preapproval: How to time these ...

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

    Get a preapproval letter. If approved, you’ll receive a preapproval letter that states the loan amount you qualify for. This letter is typically valid for about 90 days and can be used to make ...

  3. How to get preapproved for a mortgage - AOL

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

    Final approval: The lender completely authorizes your application to borrow funds to buy a particular property. It thoroughly reviews your finances and pending purchase, including verifying ...

  4. Documents needed for mortgage preapproval - AOL

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

    Down payment gift letter, if applicable Information on other real estate if you have multiple properties Loan statements from the past 60 days – auto loans, credit cards, personal loans, student ...

  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. Pre-qualification - Wikipedia

    en.wikipedia.org/wiki/Pre-qualification

    In general, to pre-qualify is about passing or meeting an initial criteria or requirements before getting other opportunities opened up to such a person. Pre-qualification is a process whereby a loan officer takes information from a borrower and makes a tentative assessment of how much the lending institution is willing to lend them.

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