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  2. Documents needed for mortgage preapproval - AOL

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

    Here’s a checklist of what you need to get a mortgage preapproval letter. ... Loan statements from the past 60 days – auto loans, credit cards, personal loans, student loans and others.

  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. 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 ...

  5. Student Loan Forgiveness: Approval Letters Are Being Sent ...

    www.aol.com/student-loan-forgiveness-approval...

    This article originally appeared on GOBankingRates.com: Student Loan Forgiveness: Approval Letters Are Being Sent, But It Doesn’t Mean You’ll Get Money — Here’s Why. Show comments.

  6. Loan waiver - Wikipedia

    en.wikipedia.org/wiki/Loan_waiver

    A loan waiver is the waiving of the real or potential liability of the person or party who has taken out a loan through the voluntary action of the person or party who has made the loan. [1] Examples of loan waivers include the Stafford Loan Forgiveness program in the United States and the Agricultural Debt Waiver and Debt Relief Scheme in India

  7. What is conditional approval in a mortgage application? - AOL

    www.aol.com/finance/conditional-approval...

    A normal part of the mortgage application process, conditional approval means the lender will give you a home loan, provided you address certain additional criteria.

  8. 3 Things To Glean From the Student Loan Relief Approval Letter

    www.aol.com/finance/3-things-glean-student-loan...

    See: Biden Extends Student Loan Pause to June 2023 as Courts Stall Debt Forgiveness Student Loan Forgiveness: Approval Letters Are Being Sent, But It Doesn’t Mean You’ll Get Money — Here’s Why

  9. Letter of intent - Wikipedia

    en.wikipedia.org/wiki/Letter_of_intent

    A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement , term sheet or memorandum of understanding .

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