Financing and Lending Flashcards
(2 cards)
1
Q
What factors does the underwriter consider in reviewing a mortgage loan application?
A
Credit, capacity, and collateral
2
Q
What can an add for properties include?
A
An ad can show the APR without disclosing all the other credit terms. But if certain other “trigger” terms are included, such as down payment, payment amount, number of payments, or interest rate (other than APR), this would require full disclosure.
