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2. What’s the Difference Between Being Prequalified and ... - AOL

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   Prequalification Getting prequalified is generally easier and faster than getting preapproved. To prequalify you, lenders will typically ask you for some financial information like your income and ...

3. 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 ...

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

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5. How to get preapproved for a mortgage - AOL

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   In general, lenders like to see a mortgage payment taking up no more than 28 percent of your gross monthly income and your total debt payments (which include credit cards, car loans and other ...

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. Does mortgage prequalification affect your credit score? - AOL

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   A mortgage prequalification lets potential homebuyers know how big of a loan they can qualify for. Prequalification is faster and easier to get than preapproval. Getting prequalified usually doesn ...