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What is the best way to match loans to buyers? Is it based on price, down payment amount, credit scores, salary history or some other piece of information?
Great question and the answer is YES…
In the mortgage industry there are 5 parts to qualify, credit, assets, work history, debts and income. Might I suggest a great blog post that explains what is a good and bad pre-approval.
Hey Steve, I really agree with you and the link work for me.
There are a lot of different types of mortgages, and there are a lot of different types of real estate property. Here is a list of the most common types of each. We’ve added some links to the most popular articles on the subject.
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Real estate and mortgage finance often times comes with its own unique language. If you work with it every day, it becomes 2nd nature, but most people don’t work with it every day. So we’ve created a glossary of mortgage and real estate terms.