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Corporate Professional Buying A House? Learn If Manual Underwriting Bad
You’ve worked long hours, you’ve put up with bad bosses, you’ve worked weekends, and you’re finally ready to buy your dream house. Underwriting is the process of evaluating whether a borrower is able to repay a mortgage loan based on their financial history, employment history, debts, assets, and credit reports. An underwriter will approve or deny a mortgage loan based on how likely a borrower is to meet their financial obligations in the future. There are...