Loan Application

  • (noun): An application to borrow money.

Some articles on loan application, loans, loan:

Mortgage Fraud - Types
... to acquire an investment property, but states on the loan application that the borrower will occupy the property as the primary residence or as a second home ... In addition, lenders allow larger loans on owner-occupied homes compared to loans for investment properties ... the borrower has materially misprepresented the risk to the lender to obtain more favorable loan terms ...
Verification Of Employment
... and cross-reference income history with that stated on the Uniform Residential Loan Application (Form 1003) ... Once a lender receives the initial loan application, a Written Verification of Employment (Form 1005) is sent to all current and previous employers within the last two ... This information is compared to both the loan application and the income documentation, such as W2's and paycheck stubs, to ensure the information is correct ...

Famous quotes containing the words application and/or loan:

    “If you would be a favourite of your king, address yourself to his weaknesses. An application to his reason will seldom prove very successful.”
    —Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)

    “Slight was the thing I bought,
    Small was the debt I thought,
    Poor was the loan at best—
    God! but the interest!”
    —Paul Laurence Dunbar (1872–1906)