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2. 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 ...

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

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

   Here’s a side-by-side comparison of mortgage prequalification vs. preapproval. Prequalification No formal application required, but might require soft credit check

4. Does mortgage prequalification affect your credit score? - AOL

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

   Build a stable payment history with your lenders: Since your payment history comprises 35 percent of your credit score, on-time payments are the most effective way to increase your score.

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. 3 Signs You’ll Get Preapproved for a Mortgage — and ... - AOL

   www.aol.com/3-signs-ll-preapproved-mortgage...

   When applying for a mortgage, you can save more than 1% in interest, saving you at least $200 per month over the lifetime of a 30-year mortgage on a $300,000 house. A few ways to increase your ...

7. Loan origination - Wikipedia

   en.wikipedia.org/wiki/Loan_origination

   When the borrower refinances his/her loan, they can pay off the remainder of the debt. Example: If the borrower owes $1,500 in credit card payments and has a gross monthly income of $3,000, his DTI ratio would be 50%. But if the borrower owes $1,500 in payments and has a gross monthly income of $2,000, his DTI ratio would be 75%.