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Aug 6th, 2022
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How to Correct answer in the Mortgage Financing Agreement

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[Music] hey guys uh good afternoon angelo christian financial thank you so much for watching our podcast real estate insider i got a fun one for you today things that you should not tell your mortgage lender when youre getting a home loan and youre saying and youre going to wonder hey why is angelo saying theres things you should actually hide from your mortgage lender no im saying you know when youre getting a home loan you want to be very transparent you want to be honest you dont want to hide anything or be deceitful but obviously when youre buying real estate its a major transaction uh how many guys out there ever tried to buy a home before and youre really taken back or aside by all the questions that your loan officer is asking you know there are some things when youre getting a home loan that you dont want to disclose you dont want to discuss or actually do because you can actually jeopardize the transaction or affect yourself from getting approved for the home loan

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.
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Your 10-step guide to the mortgage loan process Submit your application. Order a home inspection. Be responsive to your lender. Purchase homeowners insurance. Let the process play out. Avoid taking on new debt. Lock in your rate. Review your documents.
A mortgage meaning in simple words- is a transaction between two people: a borrower and the lender. Mortgage loans help individuals to finance the acquisition of real estate property by paying a little chunk from the total value of the property.
The Three Cs After the above documents (and possibly a few others) are gathered, an underwriter gets down to business. They evaluate credit and payment history, income and assets available for a down payment and categorize their findings as the Three Cs: Capacity, Credit and Collateral.
Principal, Interest, Taxes, and Insurance, known as PITI, are the four basic elements of a monthly mortgage payment.
A mortgage is an agreement between you and a lender that gives the lender the right to take your property if you fail to repay the money youve borrowed plus interest. Mortgage loans are used to buy a home or to borrow money against the value of a home you already own.
The term mortgage is another word for loan but applies specifically to buying a property. The amount of a mortgage is calculated by taking the agreed selling price of a property and subtracting the downpayment made by the buyer.
mortgage. a loan for the purpose of buying property, usually paid in payments of principal (amount borrowed) and interest over a period of from 15 to 30 years. equity.

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