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Which mortgage is a home loan that can be transferred to another borrower?
Current market for 1st mortgage… Assuming average credit score for a borrower, will lenders finance 80% of the value of a home as a first mortgage if the borrower puts little or no money down (i.e., assuming the borrower finds…In a foreclosure. what happens if the… for the amount of loan owed by the borrower? Is the borrower liable for the difference? MVD: the property was foreclosed upon because the borrower can no longer afford the mortgage. Why expect him/her to…Blame the Borrower or the lender? Why do people blame the borrower? It is the Bank/ Financial Intuition responsibility to make sure that the borrower does not buy more home then they can afford. At least in the last 9 home…
