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

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

   Conditional approval, on the other hand, comes in after initial approval — and in fact, after you’ve signed a contract to buy a home and formally applied for a mortgage. This stage involves a ...

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

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

   Mortgage preapproval is a lender's conditional commitment to offer you a specific loan amount, usually good for 90 days. It involves filling out a full mortgage application, uploading financial ...

4. Prequalified vs. preapproved: What’s the difference? - AOL

   www.aol.com/finance/prequalified-vs-preapproved...

   Provides conditional loan approval. Could take time to gather documentation and complete application, then take anywhere from a few minutes to a few business days for response.

5. Conditional sale - Wikipedia

   en.wikipedia.org/wiki/Conditional_sale

   A conditional sale is a real estate transaction where the parties have set conditions. [1] [2] A standard real estate transaction usually begins when a prospective purchaser submits an offer to purchase to the vendor of a property. As in a standard offer, a conditional offer sets out the terms of the sale such as the purchase price, the date of ...

6. Prepayment of loan - Wikipedia

   en.wikipedia.org/wiki/Prepayment_of_loan

   Prepayment speeds can be expressed in SMM (single monthly mortality), CPR (conditional prepayment rate, which is the annually compounded SMM), or PSA (percentage of the Public Securities Association prepayment model). For mortgages at least 30 months old, 100% PSA = 6.0% CPR = 0.51% SMM, equivalent to the full prepayment of 6% of a pool's ...

7. Mortgage prequalification vs. preapproval: Which is best? - AOL

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

   Lenders may differ in how they use the terms, but a mortgage preapproval is generally the more thorough and helpful in determining how large of a mortgage you can get.