Basically, a preapproval better indicates your ability to get a mortgage than a prequalification. Just as prequalification and preapproval are different, preapproval differs from actual mortgage ...

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

"However, in practice, most cases of VA loans usually only involve two persons: one veteran and a spouse," says Alexei ...

It’s possible to get approved for a home loan as a self-employed borrower, but you often have to take a few extra steps to prove your creditworthiness. To boost your chances, consider non-conforming ...

A low-down-payment mortgage can put you on the fast track to homeownership if you lack the funds to make a bigger payment, ...

There's a lot to think about when contemplating paying cash for a home versus financing it with a mortgage. There are tax implications and other expenses to consider.

A lower DTI tells lenders you have a healthy reserve to draw on and will earn you approval and a good mortgage rate ... would divide $1,000 by $5,000 and get a DTI of 20%. What's a "good" debt ...

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 ...

If you're refinancing, make sure you compare all of the details of the new loan you're approved for against your existing mortgage. Even if you get a better rate, other factors (like closing costs ...

Homeowners will need to meet minimum equity standards to borrow from their home with a HELOC. You'll typically need to have ...

Homeownership is harder than ever to achieve. Fortunately, you can leverage your home equity to help your kids become homeowners by taking out a home equity loan.