1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mars2501 [29]
2 years ago
8

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

SAT
1 answer:
Leokris [45]2 years ago
7 0

The two (2) information that are essential for completing an initial mortgage loan application include:

  1. Proof of income.
  2. 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

You might be interested in
1.what do workers in law public safety corrections and security field do
mina [271]

Students in law, public safety, corrections and security learn and practice skills that prepare them for diverse post-high school education and training opportunities, from apprenticeships and two-year college programs to four-year college and graduate programs.

5 0
3 years ago
Read 2 more answers
If V6x – 9 = x, what is the value of x ?
mars1129 [50]

Answer:

9/5

Explanation:

First we took the variables at one side then just solves it....

3 0
2 years ago
I BEGGING AT THIS POINT PLS HELP ME
cupoosta [38]
The answer is B)offering a blanket pardon to a group of people granting reprieves for federal crimes
4 0
3 years ago
Which process involves a decrease in temperature?
Bond [772]
Boiling an egg will decrease the temperature during the process
4 0
3 years ago
Solve this system please please I need it
Airida [17]

Answer:

hmmm i the guy under me was right

Explanation:

5 0
2 years ago
Other questions:
  • What have you learned about yourself after taking the personality, interests, values, and skills inventories?
    10·2 answers
  • In a hurricane with a low-pressure center, are the winds blowing inward or outward
    14·1 answer
  • FREE 20 POINTS :) JUST ANSWER “hi bla bla bla” :)) HAVE A GOOD DAY
    5·2 answers
  • Which of the following governments/ideologies offers.
    5·1 answer
  • Mike traveled for 4 hours at a rate of 55 mph. How far did he travel?.
    8·1 answer
  • How does the authors description of the period before the storm.
    7·1 answer
  • Layla has a coin that has a 60\%60%60, percent chance of showing heads each time it is flipped. She is going to flip the coin 55
    11·1 answer
  • What type of fallacy does this argument represent? hasty generalization ad populum begging the claim genetic fallacy.
    6·1 answer
  • A 20.0-ml sample of a 0.200 mhbr solution is titrated with a 0.200 mnaoh solution. calculate the ph of the solution after the fo
    8·1 answer
  • A 40-kilogram mass is moving across a horizontal surface at 5.0 m/s. what is the magnitude of the net force required to bring th
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!