The lender will begin the underwriting process on your loan and issue a commitment letter if you're on track for approval. Note that mortgage commitment letters, like preapprovals, have an ...

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

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 ...