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Now that you know the terms โ use them.
Get your legal documents ready or explore funding options before you sign anything.
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A Licensed Banking Professional
23 Years ยท Mortgage Specialist ยท SPK Licensed
Understanding these terms is the single biggest advantage you can have when dealing with a lender. Most people walk into a bank not knowing what DTI or LTV means โ and that puts them at a disadvantage before the conversation even starts. Take 10 minutes with this glossary before any loan meeting. You'll ask better questions, spot potential issues faster, and make more informed decisions.