The two (2) information that are essential for completing an initial mortgage loan application include:
- Proof of income.
- Current debts and credit history.
<h2>
What is a mortgage loan?</h2>
A mortgage loan can be defined as a secured loan that is typically used to finance (purchase) or maintain a property in real estate such as a land, home, etc.
<h3>
The feature of a mortgage loan.</h3>
Basically, a mortgage loan is usually provided to a borrower by a mortgage lender or a financial institution (bank) while an immovable asset (collateral) is promised by the borrower to the mortgage lender in the event that payments are stopped.
During the application of a mortgage loan, the borrower uses his or her home as a collateral. Thus, these two (2) information are essential for completing an initial mortgage loan application:
- Current debts and credit history.
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0.12 L will be grape juice
0.88 L will be water
for 100% (the full amount) - 12 % (grape juice amount) = 88 % (water)
hope this helps
The scientists ensure that their results are reliable by repeating trials.
Given that scientists ensure that their results are reliable.
We are required to tell the way how scientists ensure that their results are reliable.
Reliability is basically defined as the probability that a product, system, or service will perform its intended function adequately for a specified period of time, or will operate in a defined environment without failure.
Reliability increases from repeating trials.It is like vaccines. Firstly the trials to be made on small number of persons, then the numbers increases and then ultimately the trials are done on the large number of persons.
Hence the scientists ensure that their results are reliable by repeating trials.
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