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  2. Guide to first-time homebuyer loans and programs - AOL

    www.aol.com/finance/guide-first-time-homebuyer...

    Many first-time homebuyer programs offer a lower-cost first mortgage to help you buy the home, then a second mortgage to help you cover your down payment and closing costs. These second mortgages ...

  3. How to get preapproved for a mortgage - AOL

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

    Prequalification: Prequalifying for a mortgage is a less strenuous application that gives you a rough idea of the amount of financing you might be able to get. However, lenders usually only do a ...

  4. A mortgage prequalification lets potential homebuyers know how big of a loan they can qualify for. Prequalification is faster and easier to get than preapproval. Getting prequalified usually doesn ...

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

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

    Review these seven tips and use them to get your mortgage preapproval and ... While different lending programs allow for different debt-to-income ratios, they range from 30% to 56%, he said ...

  7. 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 ...

  8. Down payment assistance: How it works and how to get it - AOL

    www.aol.com/finance/mortgage-down-payment...

    When you buy a home with a mortgage, that mortgage is the first or primary lien on the property. A second mortgage is an additional lien tied to your home. In the case of down payment assistance ...

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

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

    Mortgage prequalification is an informal estimate of how much you may be able to borrow. It’s based on information you provide, without any verification from the lender regarding its accuracy.