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Erica Slayton from Wallach and Volt Mortgage and Slate Lending Group discusses the required disclosure for FHA and VA loans known as the amendatory clause. This document ensures that the purchase price matches the appraised value of the home when securing a government-guaranteed mortgage. FHA and VA loans mandate this clause to be included in the loan file from the start of the homebuying process to prevent discrepancies between the sales price and appraisal value.