Vincent joined a company a few months ago as a software engineer. He has decided to apply for a home mortgage. He understands th
at the salary he currently receives from his company is an important factor in obtaining this loan. Vincent recently received a personal financial
statement along with his salary. Which personal financial statement did Vincent receive that can be used as a consideration for the mortgage?
Vincent received a _______
along with his salary, which can be used as a consideration for the mortgage.
Certificate of Personal asset details to be used as collateral for the mortgage
Explanation:
For the Loan, you need the guarantee, and it can be another person or it can be your asset. The more asset you owe, the more valued you will be and the bank will then credit you more. Thus, you can get the loan easily, and in fact, only then you will be eligible for the loan. And more assets you owe, more loans you can get.
A statement with an "I am" phrase could be used to communicate one's feelings in a non-confrontational manner. I hope this answer helps. Have a great day ahead.
