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How to Review Client Loan Documents - PowerPoint PPT Presentation


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Key Topics. Good Faith Estimate/TILInitial Pre-Approval Loan ApplicationPromissory Note/MortgageARM\'sDocuments borrowers provide to lender. Good Faith Estimate. Interest rate and termLock availabilityPrepayment penaltyClosing costsDiscount points/buydowns. Pre-Approval. Benefits (pre-qual vs. pre-approval)Pre-qual = no creditPre-approval = creditMore bargaining power to make an offerResolve any potential issues.

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