5 things that can derail your mortgage approval

Daniel B. Kline •
The Motley Fool
Railway

Getting approved for a mortgage is not the same as getting a mortgage. Until your lender has transferred the money to your buyer’s bank, it’s still possible for the process to be derailed. That means that once you have received a “yes,” you still have to be careful. Your lender will be watching you and

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Mortgage help for debt-saddled grads

Pat Mertz Esswein, <i>Kiplinger's Personal Finance</i>, and Associate Editor •
Kiplinger
Couple showing a house key in house

Today’s college grads leave school with an average of $34,000 in student-loan debt. That mound of debt is delaying homeownership among millennials. Parents and grandparents who cosigned private student loans or took out Parent PLUS loans may also be burdened. Now, mortgage giant Fannie Mae has launched loan-underwriting changes that will lighten the load. When

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Here’s how much your credit score impacts your mortgage and auto loan rates

John Ulzheimer •
The Simple Dollar

When you apply for a new loan, the most influential factor in determining your interest rate is your credit and, more specifically, your credit scores. Other factors certainly matter during your loan’s underwriting, such as your income and employment history, but the importance of your credit scores cannot be overstated when a lender decides which

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