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

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

   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 ...

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. Does mortgage prequalification affect your credit score? - AOL

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

   A mortgage prequalification is an estimate of how much a borrower can be approved for based on their income and their financial obligations. Think of it as the first step in getting a sense of how ...

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. Loan origination - Wikipedia

   en.wikipedia.org/wiki/Loan_origination

   The mortgage business consists of a few people: the borrower, the lender, and sometimes the mortgage broker. The people that originate the loans are usually the mortgage broker or the lender. Depending if the borrower has credit worthiness, then he/she can be qualified for a loan. The norm qualifying FICO score is not a static number.

7. 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 ...

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

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

   Initial mortgage approval, often known as preapproval, is an early stage where the lender provides an estimate of what you may qualify for, based on a preliminary review of your income and credit ...

9. 13 Tips On How To Get Preapproved for a Mortgage - AOL

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

   Nelson explained that to get preapproved for a mortgage, you will need to provide various financial documents such as pay stubs, tax returns, bank statements and any other relevant paperwork.