Sentences with phrase «borrowers during the mortgage application process»

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They tend to be companies that operate exclusively online, or in app form, allowing borrowers to submit a mortgage application via smartphone and avoid human interaction during the entire mortgage process.

:» The truth in Lending Act requires that we notify a borrower at least three business days before a mortgage loan closing if a borrower's Annual Percentage Rate increases during the application process.

Specifically, borrowers who have debts that were paid by someone else in the past (such as a parent or other family member) could have their debt - to - income ratios revised downward during the mortgage application process.