Mortgage assessment is a preliminary profile form needed in order to provide the right advice to a borrower before committing to a mortgage loan
The mortgage assessment gives clarity to the borrower and the mortgage agent to learn about the affordability and characteristics that the mortgage loan should have to fulfill the borrower’s needs according to the capacities and qualifications.
Buying a house is a big and important purchase and the decision should be an educated one to make the best of the mortgage experience.
The information related to the financial profile of the borrowers should be included in the mortgage assessment, this information is confidential and it helps to the qualification and the approval of the mortgage loan
Every borrower is unique as it is his/her financial profile and needs.
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