Remove Debt-to-income ratio Remove Fixed-rate mortgage Remove Pre-approval Remove Proof of funds
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. It’s kind of like a fixed-rate mortgage and an adjustable-rate mortgage had a baby. Debt-to-income ratio (DTI). Pre-approval.