preapproval for home loans

A mortgage pre-approval shows home sellers that you have your finances in check, that you’re serious about buying a house, and that you won’t be denied a mortgage if they decide to sell you their home. Is a mortgage pre-approval the same as pre-qualification? No! Mortgage pre-approval and pre-qualification are not interchangeable.

mortgage loan approval process timeline where do i apply for a fha loan Getting an FHA mortgage with student loan debt – New lending rules are making it a bit easier for borrowers with student-loan debt to qualify for conventional mortgages, those loans not insured by a government agency.. Finally, you can apply for either a smaller FHA loan or a conventional mortgage loan not insured by the federal government.