Question: Week 14 - Chapter 14 Discussion - Due May 15 by 11:55 p.m. 77 unread replies.77 replies. Last week's chapter discussed qualifying the borrower, while

Week 14 - Chapter 14 Discussion - Due May 15 by 11:55 p.m.

77 unread replies.77 replies.

Last week's chapter discussed "qualifying the borrower", while this week we will study the concept of "qualifying the property". The borrower is a person to whom a lender makes a loan, so it is natural that the borrower qualify for the loan, but the property is not actually asking for the loan, so why do lenders need to "qualify the property" ? Please state some of your thoughts on this question. Also, what two areas of qualification do lenders look closely at when qualifying a residential condominium versus a single family house ?

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