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The Standard Group Plc is a
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It takes more than having adequate income to qualify for a mortgage loan. For a successful mortgage loan application, it is important to understand the bank obligations and the process involved.
The process of mortgage loan begins with self-evaluation. This helps to determine level of commitment and to prepare one psychologically on what to expect. This culminates in an interview with a mortgage lender to determine the mortgage options available. This is the first step in risk assessment by the lender to determine key fundamentals of lending including ability to pay, willingness to pay, debt capacity in the individuals income, age, purpose and use of the facility.
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