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2 years ago

8

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

1 answer:

Leokris [45]2 years ago

7 0

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:

Proof of income.

Current debts and credit history.

Read more on mortgage loan here: brainly.com/question/14311797

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<u>Given</u> :

$\small\red\bull$ Initial velocity (u) = 15 m/s
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<u>Using</u><u> </u><u>Formula</u> :

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$\rule{300}{1.5}$

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