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.
Read more on mortgage loan here: brainly.com/question/14311797
How much power is expended if you lift a 60 n crate 10 meters in 1 second?
The correct answer is <u>600w</u>
The main purpose in the green mile is to enlighten the readers outrage at the inhumanity and capriciousness of the death penalty.
Answer:
The rise and fall of ocean tides
Explanation:
