In a preapproval, the lender tells you which types of mortgages you may be eligible to take out, how much you may be approved to ... willing to lend you. Requirements for mortgage preapproval ...

Having credit checked at the beginning of the process is important to obtain a pre-approval letter, which shows you are a serious buyer. You only need one mortgage pre-approval letter. If you've ...

Traditional lenders are often established nationwide, and may offer a variety of mortgage options. They may, however, have ...

The busy spring homebuying season is heating up, and rates are finally coming down from the year's highs. If you're planning to buy a home, you now may be wondering how to stand out among the crowd.

Commitment letters and pre-approval letters are similar ... letters usually require you to meet additional requirements before you can get a mortgage. If you receive a commitment letter and ...

Tim Robberts / Getty Images While you certainly can get a mortgage if you ... needed for approval. Once you find a few potential lenders, get quotes and pre-approval letters to compare offers.

Since pre-approval gives banks a preview of your credit profile, they can determine whether you meet the basic approval requirements ... monthly rent or mortgage payments, income, and types ...