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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. 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.

  5. Lien waiver - Wikipedia

    en.wikipedia.org/wiki/Lien_waiver

    Owners should demand this release when they are paid in full. Some states allow an Unconditional Release upon final payment that is used to induce the final payment. It is an inherent vagary in the lien release law. In the United States, some states only use a conditional waiver on progress payment and an unconditional waiver on final payment.

  6. Warrant of payment - Wikipedia

    en.wikipedia.org/wiki/Warrant_of_payment

    If the warrant is conditional on funds being available, the warrant is not a negotiable debt instrument. [5] [6] In the United States, warrants are issued by government entities such as the military and state and county governments. They are issued for payroll to individual employees, accounts payable to vendors, to local governments, to ...

  7. Loan origination - Wikipedia

    en.wikipedia.org/wiki/Loan_origination

    Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application).

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

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

    A mortgage preapproval is a letter or written statement specifying your maximum loan amount and the lender’s commitment to fund the loan if your financial situation remains unchanged.

  9. Land contract - Wikipedia

    en.wikipedia.org/wiki/Land_contract

    Since the amount of the final payment is so large, the buyer may obtain a conventional mortgage loan from a bank to make the final payment. Land contracts are sometimes used by buyers who do not qualify for conventional mortgage loans offered by a traditional lending institution for reasons of unestablished or poor credit or an insufficient ...

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