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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Earthquakes occur along the edge of the oceanic and continental plates.
The author who quotes the video game researcher is using statistical argument.
<h3>What is statistical argument?</h3>
Statistical argument is an argument based on facts and figures from a research. This kind of argument requires the researcher to get values in order to make judgement.
Children who earn poor grades in school do well in playing video games. This is because, the researcher has found out how low they perform in class in terms of their test score and has used this as a measure to determine how poor they play video games.
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