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A loan applicant states that she will be employed in another position with her current employer, but it will result in an income decrease. The
A loan applicant states that she will be employed in another position with her current employer, but it will result in an income decrease. The mortgage loan originator should: A. Use the expected future income on the application B. Obtain a new application that only shows the current income C. Disregard the expected future income if the income decrease does not occur until after consummation of the loan D. Disregard the expected future income if the borrower has sufficient equity in the subject property of the application
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