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Mortgage Borrower Disclosure Document
The following form was developed by the Canadian
Association of Accredited Mortgage Professionals and
the Alberta Mortgage Brokers Association to assist
borrowers
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What is borrower disclosure?
Borrower disclosure is a document that provides information about a borrower's financial situation and is typically required by lenders before approving a loan.
Who is required to file borrower disclosure?
Borrower disclosure is typically required to be filed by individuals applying for a loan, mortgage, or other credit-related transactions.
How to fill out borrower disclosure?
To fill out a borrower disclosure, individuals must provide accurate and complete information about their financial situation, assets, liabilities, income, and expenses.
What is the purpose of borrower disclosure?
The purpose of borrower disclosure is to help lenders assess the borrower's financial health and ability to repay the loan, as well as to comply with regulatory requirements.
What information must be reported on borrower disclosure?
Borrower disclosure typically requires information such as income, assets, debts, credit history, employment status, and other financial details.
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