Remove Debt-to-income ratio Remove Pre-approval Remove Termite Report
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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. Debt-to-income ratio (DTI). Pre-approval. However, your clients need to know the difference between pre-approval and prequalification (see below).