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  2. Pre-approval - Wikipedia

    en.wikipedia.org/wiki/Pre-approval

    Pre-approval. In lending, a pre-approval is the pre-qualification for a loan or mortgage of a certain value range. [ 1] For a general loan a lender, via public or proprietary information, feels that a potential borrower is completely credit-worthy enough for a certain credit product, and approaches the potential customer with a guarantee that ...

  3. 13 Tips On How To Get Preapproved for a Mortgage - AOL

    www.aol.com/13-tips-preapproved-mortgage...

    Gather Necessary Documents. Nelson explained that to get preapproved for a mortgage, you will need to provide various financial documents such as pay stubs, tax returns, bank statements and any ...

  4. Can You Buy a Car with Bad Credit? - AOL

    www.aol.com/buy-car-bad-credit-214400595.html

    Shopping for an affordable car is a great way to reduce the amount you need to borrow. For buyers with bad credit, this is a smart move because it poses a lesser risk to the lender or dealership ...

  5. Mortgage - Wikipedia

    en.wikipedia.org/wiki/Mortgage

    This down payment may be expressed as a portion of the value of the property (see below for a definition of this term). The loan to value ratio (or LTV) is the size of the loan against the value of the property. Therefore, a mortgage loan in which the purchaser has made a down payment of 20% has a loan to value ratio of 80%.

  6. Ally Financial - Wikipedia

    en.wikipedia.org/wiki/Ally_Financial

    Ally Financial Inc. (previously known as GMAC) is a bank holding company organized in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan.The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements.

  7. Loan - Wikipedia

    en.wikipedia.org/wiki/Loan

    In finance, a loan is the transfer of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money ...

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