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What is Loan Prequalification?

Loan prequalification Loan prequalification is a process that pre-approves a homebuyer for a specific loan amount when buying a home. To document the loan prequalification, the homebuyer receives a special letter from the lending institution or loan officer. A loan prequalification can support a home builder in the purchase of a home because it givesRead more

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What Are Loans For Value?

The term loan for value or LTV applies primarily to the mortgage banking sector. Value-Added Loans An Equation That Mortgages Use To Assess Their Risk On Lending Loans To Buy Property. The loan for equation is basically a ratio of the amount of money borrowed to the value or purchase price of the property, ifRead more