1003 Flashcards
1
Q
Section 1
A
Type of Mortgage &Term
2
Q
Type
A
Fixed
Adjustable Rate Mortgage
3
Q
Section 2
A
Purpose of Loan
4
Q
Purpose
A
Purchase
Refi
5
Q
Occupancy Type
A
Primary
2nd Home
Investment
6
Q
Section 3
A
Borrower information
7
Q
3 questions
A
- SS
- Marital Status
- Date of Birth
8
Q
Section 4
A
Employment Info
9
Q
Employment Length
A
2 Years
10
Q
Section 5
A
Monthly Income and Combined Housing Info
11
Q
Section 6
A
Assets & Liabilities
12
Q
Section 7
A
Estimated cost
13
Q
Section 8
A
Declarations
14
Q
Declarations 3 of them
A
- Foreclosure 7 years
- Bankruptcy
- Lawsuit
15
Q
Section 9
A
Acknowledgement &Agreement
