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  2. How to get preapproved for a mortgage - AOL

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

    Final approval: The lender completely authorizes your application to borrow funds to buy a particular property. It thoroughly reviews your finances and pending purchase, including verifying ...

  3. The Mortgage Pre-approval Letter: What It Is and Why ... - AOL

    www.aol.com/mortgage-pre-approval-letter-why...

    A mortgage pre-approval letter demonstrates that you have the financial means to buy a house, helping you stand out as a serious buyer. ... which helps millions of readers worldwide earn and save ...

  4. Documents needed for mortgage preapproval - AOL

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

    Down payment gift letter, if applicable Information on other real estate if you have multiple properties Loan statements from the past 60 days – auto loans, credit cards, personal loans, student ...

  5. Looking to buy your first home? Here's why (and how) to get ...

    www.aol.com/looking-buy-first-home-heres...

    While getting pre-approved does not guarantee you a loan offer — a home appraisal is usually required before a lender will finalize a mortgage's terms — it gives you a better understanding of ...

  6. 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.

  7. What is a mortgage proof of funds letter? - AOL

    www.aol.com/finance/mortgage-proof-funds-letter...

    A preapproval letter and a proof of funds letter are two separate documents, but they’re both important when buying a house. Before you can get a mortgage, you will need a mortgage preapproval ...

  8. Cash offer - Wikipedia

    en.wikipedia.org/wiki/Cash_offer

    This differs from a pre-approval letter, which is a formal estimate of what a buyer can afford - not an obligation. A commitment, however, does not account for the appraisal contingency, which can adversely effect the strength of a mortgage offer in competitive markets.

  9. Hard money lenders - Wikipedia

    en.wikipedia.org/?title=Hard_money_lenders&...

    Retrieved from "https://en.wikipedia.org/w/index.php?title=Hard_money_lenders&oldid=726016083"

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