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4 years ago

Identify the paperwork required to get prequalified for a mortgage loan and to close on a home purchase deal.

Business

2 answers:

mr Goodwill [35]4 years ago

8 0

Answer:

Documents Required for Mortgage Loan:

- consumer's credit score

- consumer's income statement

Documents Required to Close on a Home Purchase:

- transfer of title ownership

- mortgage loan agreement

Nataly_w [17]4 years ago

4 0

Documents Required for Mortgage Loan:

- Consumer's credit score - this helps determine the amount of money that is allowed to be borrowed, the rate of payments due and the amount of interest added to the loan.

- Consumer's income statement - this is needed for proof of income when submitting the loan application.

Documents Required to Close on a Home Purchase:

- Transfer of title ownership - when a home is purchased, there is a transfer title of ownership from the previous owner or builder to the new homeowner.

- Mortgage loan agreement - this is signed by the borrow that they will pay their mortgage on the home each month

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4 years ago

Identify the paperwork required to get prequalified for a mortgage loan and to close on a home purchase deal.​

Identify the paperwork required to get prequalified for a mortgage loan and to close on a home purchase deal.