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Mortgage Professor about Loan Application: | |||||||||||||||||||||||
Questions About the Failure of Mortgage Locks
December 15, 2003 ?Why have lock failures increased recently? A lock failure occurs when a lender does not honor a mortgage price that a borrower had believed was guaranteed. Lock failures occur when interest rates are rising and honoring locks is costly to lenders. ... more... Should I Lie About My Income? March 5, 2001 ?I'm self-employed with a low income, but my credit is perfect and I have substantial assets. I felt I was a perfect candidate for a no-ratio loan but my mortgage broker showed me that I can get a lower interest rate with a "stated income" loan ... more... |
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Loan Application related definitions |
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Loan Application
Loan Application The form used to obtain the borrower’s information and define the terms of the loan. Also is commonly referred to as the 1003 form - Uniform Residential Mortgage Loan Application. The lender may accept applications taken during a face-to-face ... more... Standard Uniform Loan Application, Form 1003 Standard Uniform Loan Application, Form 1003 A standard loan application widely used in the mortgage industry. Lenders use Fannie Mae Form 1003 to record relevant financial information about an applicant who applies for a conventional one- to four-family mortgage. Download ... more... |
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More about Loan Application The Red Flags of Getting a Home Loan How Loan Decisions Are Made Learn the Difference Between a Mortgage Inquiry and Mortgage Application Student Loan Consolidation Walkthrough Online Payday Loan Application - Speed Through The Process Home Equity Loan Improvements No Faxing Cash Advance Loans - 3 Reasons to Use A No Fax Payday Loan Company Online Mortgage - Tools Of The Internet To Help Get The Best Home Loan Online Loans: The Easy Way to Apply Boat Loans Steering Way Towards a Bon Voyage
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