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Getting pre-approved for a mortgage loan can benefit you in several ways. In this article, you'll learn how the pre-approval works. You can also apply for a home.
For a mortgage preapproval, borrowers have to provide the following documents: pay stubs, tax returns, asset account statements and W2s.
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Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend.
Ready to get pre-approved for a mortgage? Want to learn about your options when it comes to getting pre-qualified? Fill out our pre-approved mortgages form .
A mortgage pre-qualification is an initial evaluation of the credit worthiness of a potential borrower used to determine the estimated mortgage loan amount that.
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Mortgage Fraud is Rising – Here’s What You Need to Know Mortgage fraud is the deliberate misrepresentation of information to obtain mortgage financing that would not have been granted if the truth had been known. Mortgage fraud includes: misstating your work position, your income or the length of time you’ve held your job; stating you’re a full-time salaried employee if you are not