Date:
Prospective Applicant:
Mortgage Broker or Loan Officer:
License Number _______________
Address ______________________
Phone # ______________________
Loan (describe as follows):
Loan Amount:
Qualifying Interest Rate:
Term:
Maximum Loan-to-Value Ratio:
Loan Type and Description:
Mortgage Broker G has G has
not received a signed application for the Loan from the Prospective
Applicant
Mortgage Broker G has G has
not reviewed the Prospective Applicant's credit report
Mortgage Broker G has G has
not reviewed the Prospective Applicant's credit score
Mortgage Broker has reviewed the following additional items (list):
The Prospective Applicant has provided the Mortgage Broker
G verbally
G in
writing with information about the Prospective Applicant's income,
available cash for a down payment and payment of closing costs, debts, and
other assets.
Based on the information that the Prospective Applicant has provided to
the Mortgage Broker, as described above, the Mortgage Broker has
determined that the Prospective Applicant is eligible and qualified to
meet the financial requirements of the Loan.
This is not an approval for the Loan. Approval of the Loan
requires: (1) the Mortgage Broker to verify the information that the
Prospective Applicant has provided; (2) the Prospective Applicant's
financial status and credit report to remain substantially the same until
the Loan closes; (3) the collateral for the Loan (the subject property) to
satisfy the lender's requirements (for example, appraisal, title, survey,
condition, and insurance); (4) the Loan, as described, to remain available
in the market; (5) the Prospective Applicant to execute loan documents the
lender requires, and (6) the following additional items (list):
_______________________________
Mortgage Broker or Loan Officer
