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2. 13 Tips On How To Get Preapproved for a Mortgage - AOL

   www.aol.com/13-tips-preapproved-mortgage...

   “This will give you an idea of what kind of interest rates and loan options you may qualify for.” You can request a free credit report from each of the three major credit bureaus — Equifax ...

3. Guide to first-time homebuyer loans and programs - AOL

   www.aol.com/finance/guide-first-time-homebuyer...

   Down payment assistance (DPA) programs: Loans, grants and matching programs to help you with your down payment Federal first-time homebuyer programs: Loans and programs backed or offered by the ...

4. Does mortgage prequalification affect your credit score? - AOL

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

   Have a good credit mix: Mortgage lenders want to see you can balance revolving credit lines (credit cards) while also making timely payments on installment accounts (car, student, personal loans).

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

   www.aol.com/finance/shop-mortgage-without...

   Keep in mind: The credit score you see on free credit reports might be slightly different from the score mortgage lenders see since they might use different credit scoring models. Pay down debt

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. Mortgage Credit Certificate - Wikipedia

   en.wikipedia.org/wiki/Mortgage_Credit_Certificate

   The MCC program is designed to help first-time homebuyers offset a portion of their mortgage interest on a new mortgage as a way to help homebuyers qualify for a loan. Because it is a tax credit and not a tax deduction , mortgage lenders will often use the estimated amount of the credit on a monthly basis as additional income to help the ...

8. 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.

9. Income requirements to qualify for a mortgage - AOL

   www.aol.com/finance/income-requirements-qualify...

   To determine if you’ll qualify, mortgage lenders review your debt-to-income (DTI) ratio, credit score and other factors. Some mortgages, like HomeReady and Home Possible conventional loans ...