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 ...

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.

Mortgage interest rates saw a mild recovery this month, but housing market experts say that doesn't change much for ...

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 ...

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.

A mortgage preapproval is a statement of how much money a lender is willing to let you borrow to pay for a home. Getting preapproved means it’s unlikely you’ll fail to get financing ...