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Balance Sheet
January 19, 2023
A balance sheet is a financial document that is designed to communicate to a lender or bank the overall net worth of a mortgagor. The balance sheet helps achieve this by listing out and tallying the individual's assets, liabilities, and the equity they may have on a particular date - that is, the "reporting date."
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Loan Default
Financial Considerations (For First-Time Home Buyers)
Mortgage Loan Types
Payment and Debt Ratios
Home Value: Appraised, Estimated, Actual