Debt-to-income ratio Lending Pre-qualification 
Redfin
JULY 9, 2025
Getting pre-approved for a mortgage is one of the first steps in the homebuying journey. But if you’re ready to start shopping for a home, you might be wondering: how long does it take to get pre-approved for a mortgage? What is mortgage pre-approval? How long does it take to get pre-approved for a mortgage?
Rochester Real Estate
NOVEMBER 5, 2015
In the simplest terms the main difference is that a bank has its own lending criteria and offers loans by using its own funds. For example, if you use a bank for your loan you may already have a pre-existing relationship with them and they sometimes offer very competitive interest rates. In contrast, a mortgage broker is a middleman.
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Housing Wire
MARCH 30, 2021
At HousingWire’s 2021 Annual Spring Summit, CreditXpert VP of Sales and Client Success Matt Hydrew and T odd Worthington , director of qualification support at Bank of England, discussed top-of-the-funnel strategies lenders can use to help borrowers gain a better understanding of their credit score. Or, give up looking altogether.
Housing Wire
MAY 25, 2022
In a housing market vastly different from the pre-pandemic period, how can industry professionals position themselves to achieve growth despite these current obstacles? More people are diversifying their income streams and opting to work for themselves or through real estate investments.
Lighter Side of Real Estate
JANUARY 24, 2024
Unless you come into a windfall of money, most people need to get a mortgage in order to buy a home, so getting a mortgage pre-approval to find out how much a lender will allow you to spend is the first step. How much down payment you have will affect how much they feel comfortable lending you. But it isn’t quite that simple.
McKissock
JANUARY 31, 2021
Maybe they made a new purchase and their debt to income ratio is too high. Or maybe the underwriter feels that their income and credit score isn’t high enough. Often, lenders do a pre-qualification that is strictly based on the information that the client gives the lender.
HomeLight
OCTOBER 27, 2020
The first reason is privacy — you might not want your lending company to have access to all of your financial details, for example. Lending qualifications remain the same whether you’re self-employed or have a W-2, says Sanchez. Before you buy a home, you should pay off as much of your debt as possible.
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