Explain why determining ability to repay with documentation


Discussion Post

• Explain why determining the ability to repay with documentation is more important for mortgage loans that it is for credit cards and auto loans.

• Give several reasons why the availability of private mortgage insurance is beneficial for both the borrower and the lender. Respond to at least one other student's discussion submission.

• Explain the main differences between a VA mortgage loan and a FHA mortgage loan.

The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.

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Finance Basics: Explain why determining ability to repay with documentation
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