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Trust Deed Definition lendinguniverse.com/investor/Trust_Deed_Definition.htm Trust Deed Definition , broker notes and privately held mortgage are Play important role in any real estate transaction Borrower's financial standing and credit worthiness.
The borrower's ability to re pay the loan involves the "capacity" and "desire" to make the loan payments.
The borrower's capacity is measured by: income; job position and stability; and overall financial standing, including assets, liabilities, and net worth, and any profit or losses incurred as the result of any business or investment activity. This information is reflected in the borrower's "Loan Application," which may be accompanied by a "Financial Statement" if the borrower is either self-employed or involved with significant business or investment activity. The MLB must give you a copy of the written loan application and the credit report.
