Loan Package

The file of all items necessary for the lender to decide to give or not give a loan. These items would include the information on the prospective borrower (loan application, credit report, financial statement, employment letters, etc.), and information on the property (appraisal, survey, etc.). There may be a charge for "packaging" the loan.

Real Estate Practice Test - Pass Your Real Estate Exam Now!
RealEstatePracticeTest

More Real Estate Definitons