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The main question that should be asked during mortgage loan interview is how the borrower plans to repay. A person who has no job or other steady source of income will not be able to pay the mortgage back and is not a good loan risk.

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Q: What question should be asked during mortgage loan interview?
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Interview questions and answer for mortgage?

When one is applying for the job of a mortgage loan processing job, one should prepare for interview questions and have some answers ready. This can include questions such as â??What interests you about this job position? â??


If one dies and leaves no wife Isn't the house paid in full and secondly even if he took out a second mortgage why should anyone be responsible for it?

This question would be better answered by someone in the finance/mortgage industry. As far as the first part of the question is concerned, the first mortgage wouldn't be paid off unless the homeowner had made arrangements to have it paid off in the event of their death. A life insurance or mortgage protection insurance policy would be necessary to do this. As far as the second part of the question, I have no idea who is or is not responsible for paying that mortgage. I would think that the home would be sold, the 2nd mortgage paid, and the remainder of the money would go to the beneficiaries of the estate. You should also check to see if the homeowner had a standard mortgage, or if they were using a reverse mortgage. Reverse mortgages are becoming increasingly common among retired persons.


How does one accquire a fixed mortgage?

You should consult your bank about getting a fixed mortgage. You have to do this through your bank and you should weigh the options of this compared to a regular mortgage.


Where should one go for a mortgage loan?

One should go to a mortgage broker in order to obtain a mortgage loan. In addition, some mortgage brokers may also deal with other specialized types of loans.


Comparing Mortgage to choose the best option for me..?

It depends on how much money you are making. If you can comfortable afford to pay for a 15 year mortgage then you should do this. If you are going to be struggling to make the mortgage payment then you should get a 30 year mortgage.

Related questions

During an interview how does one answer the question 'Why would you like to join our company'?

You should do your homework ahead of the interview and know something about the company. You can use that information to form an answer to this question.


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In an interview how should you answer , what kind of people annoy you ?


Interview questions and answer for mortgage?

When one is applying for the job of a mortgage loan processing job, one should prepare for interview questions and have some answers ready. This can include questions such as â??What interests you about this job position? â??


What aspects of your job do you think you can do differently?

When answering this question during an interview you should focus on things that are relative to the position you are applying for. Do some research about the company and the position before you go to your interview.


What should you consider as you answer each question that employer ask during an interview?

Will my answer make an employer more likely or less likely to hire me?


What should you consider as you answer each question that an employer asks during an interview?

Will my answer make an employer more likely or less likely to hire me?


What should you consider as you answer each question that employer asks during an interview?

Will my answer make an employer more likely or less likely to hire me?


What should a medical student do if a patient refuses to answer a question reguarding sexual history during patient interview?

Respect the patient and stop asking.


How do you answer question about program assistant in a job interview?

If you are asked a question revolving around program assistant status in a job interview, then you should answer it much the same as you would answer any normal question in a job interview: honestly.


When to do handshakes during job interview?

You do handshakes at the end of an interview. (you should only handshake if it was good) You do handshakes at the beginning and at the end of an interview regardless of how it went. Always opt for the more formal approach during an interview.


What is one thing you should have them ask you during an interview?

"When can you start?"


Which of these should never be done during an interview?

Fidget Nervously