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Addendum to Residential Loan Application Fannie Mae Form 1009

Addendum to Residential Loan Application Fannie Mae Form 1009

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hi everyone Terrence Branly here and in this video I'm going to walk you through the standard loan application form also known as the uniform residential loan application which is a standardized form created by Fannie Mae and used in every residential mortgage transaction regardless of whether it's a refinance construction or purchase and this is an important application in that it kick-starts the entire loan process and it's important to put accurate and detailed information on this because this is what lenders and banks are going to be using to determine your ability to secure mortgage loan based on this information so with that said we'll jump in the first section is the type of mortgage in terms of the loan and and if you're applying for a loan you may not know what type of loan product you're going to be applying for or the terms of those of the loans every loan is different and so you know you may know the amount the loan amount so say if you're going to be purchasing a home for

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