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

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

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

   Prequalification is a simple, quick process that provides a general indication whether you would qualify for a mortgage. Preapproval requires providing extensive documentation regarding your ...

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

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   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 ...

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. 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 ...

7. 13 Tips On How To Get Preapproved for a Mortgage - AOL

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   While some loan programs allow for lower down payments, having a larger down payment can increase your chances of getting preapproved for a mortgage and could result in better loan terms, Nelson said.

8. How to shop for a mortgage without hurting your credit score

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   Learn more: The difference between prequalification and preapproval. ... The minimum credit score required to get a mortgage varies based on the type of loan you’re seeking and the lender.

9. Section 502 loans - Wikipedia

   en.wikipedia.org/wiki/Section_502_loans

   In a given fiscal year, at least 40% of the units financed under this section must be made available only to very low-income families or individuals (below 50% of the area median). In addition, families or individuals at or below 60% of the area median may qualify for loan terms up to 38 years.