1.Income: All monetary earnings, investments, salary or remuneration that is declared on your tax return.
2.Credit: A credit report is a detailed report of an individual’s credit history. Credit bureaus collect information and create credit reports based on that information.
3.Liabilities: a debt or financial obligation.
4.Assets: an asset whose value is derived from a contractual claim, such as bank deposits, bonds, and stocks.
5.Property: when referring to the application the subject property is the property for which a borrower is attempting to secure financing or refinancing. The property could be either a primary, secondary, or investment property (when dealing with a residential loan), and the property type of the subject property typically determines the financing options available.
They are various types of programs including: