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Mortgage Professor about borrower: | |||||||||||||||||||||||
Qualifying For a Mortgage
December 12, 2000 Most potential borrowers are nervous about getting a mortgage loan because they share a widespread misperception: the misperception is that they have no bargaining power relative to lenders, and therefore must approach them ... more... HUD's Proposals For Reform October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US. As usual, the proposals were open for comment, and many thousands of them were received. Mine was among them, and is shown ... more... |
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borrower related definitions |
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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... Owner Occupied Property Owner Occupied Property A borrower uses the property as a primary residence. An Owner Occupied loan is secured by property, typically with the borrower renting and occupying the space. If more than one unit, the lease payments may directly support principal and interest ... more... |
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More about borrower Student Loan Consolidation What Are The Main Advantages? Debt Consolidation Loans for Unemployed - Preparing for an End to Debts How to Secure the Best Mortgage Deal and Save Yourself Thousands in Interest Secured Loans for Homeowners: The Best Choice For Borrowers Unsecured Loans: Route to Finance in the Absence of Guarantee Federal Housing Administration (FHA) Mortgage Terms Explained Colorado Mortgage Rates What is a Home Equity Line of Credit? Why Refinance Back into a 30-Year Loan?
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