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Income verification is another important facet. Lenders need assurance that borrowers can comfortably make their month-to-month payments. A common benchmark is that monthly auto mortgage payments shouldn't exceed 15% of the borrower's month-to-month take-home

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Once a suitable lender is chosen, the borrower must download the lending app or visit the lender's mobile-friendly web site. After creating an account, applicants fill out an online utility kind, offering private info, income details, and the specified mortgage amo

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