A mortgage approval is a loan application that has been reviewed and approved by an underwriter. Most of the pre-approvals that you see today are in fact a "loan originator opinion letter." Loan ...

Hands down, pre-approval letters are better. If possible, get one before you start house hunting. Essentially, a pre-approval letter states that a borrower can get a specific loan product from a ...

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Learn what you need to speed up the approval process Mortgage lenders offer pre-approval letters to buyers they believe can repay their loans. However, unlike mortgage pre-qualification, the ...

Sometime between now and 2.5 years from now, my wife and I would like to buy a house. We love where we live now, and would like to stay here. The problem is that it's expensive. There *are* houses ...

According to the company, this new offering enables consumers to complete an online application and follow a guided workflow to select home loan options. After confirming that they understand the ...

I was about 24 years old when I bought my first home. The home was a tiny unit in a duplex. The purchase price was only around $43,000. I remember sitting down with a lender before going house-hunting ...

Q: My son is selling his home. His listing agent presented him with two contracts. One contract was full price, but with a number of contingencies — the main one was that the purchase was contingent ...

Shopping for homes is exciting until one needs to secure financing to purchase. Even with savings, most Americans can only buy a house through a mortgage loan. In the fourth quarter of 2022, the US ...