A mortgage preapproval is a statement of how much money a lender is willing to let you borrow to pay for a home. Getting ...

On the income side, issues often emerge when the mortgage applicant is self-employed. The software is geared to W-2s — the wage-and-tax-statement from an employer — and might flag your file when you ...

CNBC Select explains how to apply for a mortgage, from preparing financially and getting preapproval to undergoing the ...

A mortgage preapproval is a statement, usually a document or letter, indicating how much money a lender is willing to let you borrow to pay for a home. Awarded after an application, this document ...

branch manager at Fairway Independent Mortgage Corporation. You can watch as homes come on the market and will be better prepared to make an offer. "If you got pre-approved in the past ...

Mortgage underwriting is often an automated process — software decides whether you are approved ... a lender will approve your mortgage application. Here’s a look at how lenders decide ...