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Tuesday, January 15, 2008

Underwriting

Underwriting

A lender's process to evaluate whether or not to give a borrower a loan.
When lenders underwrite a loan, they look at your income, debt and credit history to see if you are a low-risk loan candidate.

Once your loan is approved and you meet all the lender's conditions, you can sign the final loan documents.

The lender will then fund the loan.

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