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

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

   Getting prequalified usually doesn't negatively affect your credit score. Mortgage prequalification gives you a basic estimate of the loan amount a lender might extend you to help finance a house ...

3. Here's What Happens to Your Credit Score if You Get Pre ... - AOL

   www.aol.com/heres-happens-credit-score-pre...

   The FICO credit scoring formula gets 10% of its weight from a category called "new credit." This considers any credit inquiries (times you apply for credit) from the past 12 months.

4. How to shop for a mortgage without hurting your credit score

   www.aol.com/finance/shop-mortgage-without...

   Keep in mind: The credit score you see on free credit reports might be slightly different from the score mortgage lenders see since they might use different credit scoring models. Pay down debt

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. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   Mortgage calculators are automated tools that enable users to determine the financial implications of changes in one or more variables in a mortgage financing arrangement. Mortgage calculators are used by consumers to determine monthly repayments, and by mortgage providers to determine the financial suitability of a home loan applicant. [ 2 ]

7. How to get preapproved for a mortgage - AOL

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

   In general, lenders like to see a mortgage payment taking up no more than 28 percent of your gross monthly income and your total debt payments (which include credit cards, car loans and other ...

8. Mortgage Credit Certificate - Wikipedia

   en.wikipedia.org/wiki/Mortgage_Credit_Certificate

   The amount of mortgage credit allowed varies depending on the state or local government that issues the certificates, but is capped at a maximum of $2000 per year if your State's rate is over 20%, by the IRS. As an example, if a homebuyer were to receive an MCC that offers a 30% credit on a $200,000 loan for 30 years with a rate of 6%, the ...

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

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

   Unlike applying for other types of credit, if you apply for several mortgage preapprovals within 14 to 45 days, bureaus often count it as a single credit inquiry. This makes for minimal impact on ...