Equity Lending -does it still exist? Short Answer; Yes, but in a very limited fashion at Prime rates. Long Answer; read on… It seems that each week I take at least one mortgage application from clients whose criteria goes something like this; Stellar credit a...
Four Pillars of a mortgage application There are four main pillars of any mortgage application, they are as follows; Clean Credit Income Equity (Down payment amount) Subject property (the quality of) I have listed these in order of easiest to control, to more...
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