How do I get preapproved for a mortgage?

Check your credit, gather income and asset documents, compare lenders, and submit an application. A preapproval letter shows sellers you’re qualified and is usually valid for 60–90 days.

What credit score do I need for a personal loan?

Many lenders target 640+, but options exist for lower scores at higher APRs. Improving utilization, paying on time, and disputing errors can raise your score before applying.

Is refinancing worth it in 2025?

It can be if your new APR is sufficiently lower to offset closing costs within your break-even period. Use a refinance calculator and compare at least three offers.

How can I lower my insurance premium?

Increase deductibles, bundle policies, maintain good credit, ask for telematics or multi-policy discounts, and shop quotes annually.

What’s the difference between APR and APY?

APR is the annual rate without compounding; APY includes compounding. For loans, compare APR; for savings, compare APY.

What DTI ratio do lenders prefer?

Many mortgage lenders prefer a total debt-to-income ratio at or below 43%, though program limits vary. Paying down debt or increasing income can improve approval odds.

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