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  2. Mortgage application: What’s included and how to prepare - AOL

    www.aol.com/finance/mortgage-application...

    Section I: Type of mortgage and terms of loan. The first section of the mortgage application asks you to indicate the type of mortgage you’re seeking, such as conventional or FHA. You’ll then ...

  3. Mortgage - Wikipedia

    en.wikipedia.org/wiki/Mortgage

    A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.

  4. How to buy a house with low income - AOL

    www.aol.com/finance/buy-house-low-income...

    Your loan officer can help you prequalify for a loan and understand ways to strengthen your mortgage application, even with low income. ... “For example, MH Advantage is a Fannie Mae loan ...

  5. How to write a letter of explanation for a mortgage - AOL

    www.aol.com/finance/write-letter-explanation...

    While the exact content of your letter depends on your circumstances, you can use this sample letter of explanation to a mortgage lender as a template: Sample letter of explanation. Date Lender ...

  6. Loan origination - Wikipedia

    en.wikipedia.org/wiki/Loan_origination

    Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process.

  7. Installment loan - Wikipedia

    en.wikipedia.org/wiki/Installment_loan

    An installment loan is a type of agreement or contract involving a loan that is repaid over time with a set number of scheduled payments; [1] normally at least two payments are made towards the loan. The term of loan may be as little as a few months and as long as 30 years. A mortgage loan, for example, is a type of installment loan.

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