Question

What specific pieces of information should you look for in any loan contract? Why is this information important? Need help ASAP! Please help

Answer 1

   1.Consumer’s Name.  2. Monthly Income.   3. Social Security Number.  4. The Property Address.  5. An Estimate of the Value of the Property.  6. The Loan Amount.
If any single piece of the above information is not included the application will not be considered valid and will not be submitted for processing. Although these are the primary pieces of information that a lender needs in order to start the loan application process, it does not mean they are the only pieces of information needed. Lenders may require additional data, depending on the specific circumstances surrounding the borrowers and the loan.