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

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

   Unconditional approval: Once you’ve satisfied all the lender’s criteria or conditions to get a home loan, you receive unconditional approval. It indicates the underwriter has signed off on ...

3. Understanding the mortgage underwriting process - AOL

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

   Once you clear any conditions and get your mortgage approved, your home purchase is nearly complete. The final step comes on closing day, when the lender gives you the money, and you pay the seller.

4. How to get preapproved for a mortgage - AOL

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

   A preapproval indicates that you qualify for financing, and the lender is prepared to move forward with the loan as long as the home meets certain criteria — and your financial situation doesn ...

5. Mortgage underwriting in the United States - Wikipedia

   en.wikipedia.org/wiki/Mortgage_underwriting_in...

   Mortgage underwriting is the process a lender uses to determine if the risk of offering a mortgage loan to a particular borrower under certain parameters is acceptable. Most of the risks and terms that underwriters consider fall under the three C's of underwriting: credit, capacity and collateral.

6. 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 ...

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 ...