One formally applies for a mortgage loan only after signing a purchase contract.

Name: One formally applies for a mortgage loan only after signing a purchase contract.
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Typically, a borrower will apply for a mortgage loan only after they have signed a purchase contract for a property. This is because the lender needs to know the details of the property being purchased and the terms of the sale before they can approve the loan.

One Formally Applies for a Mortgage Loan Only After Signing