Question

Which two of these are essential for completing an initial mortgage loan application?

Answer 1

The two things that should be important for finishing the initial mortgage loan application are the purchase price of the home, present debts & credit history.

The following information should be considered:

• The above two things should be important as it helps in determining the loan amount & credit history for determining the credit score.
• Also, the insurance money & money in the saving account should not be important also the income proof is required at a later stage for the loan security.

Therefore we can conclude that the two things that should be important for finishing the initial mortgage loan application are the purchase price of the home, present debts & credit history.

Learn more about the loan here: brainly.com/question/11794123