Mortgage loan

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A mortgage loan simulation software has four inputs:

  • Income
  • Type of applicant
  • Properties
  • Type of property

The following conditions applies to the application:

  • If the income is between $1.000,00 $83.300,00 per month, the applicant is qualified for the financing.
  • If the income is lower than $1.000,00 per month, the applicant is not qualified for the financing.
  • If the income is higher than $83.000,00 per month, the applicant does not need a financing.

The applicant can be person or a corporation, but applications will be denied for corporations.

The type of the property can be a house, a trailer, a flat, but only house and flats can be used.

Applications can use from 1 to 5 properties to secure the loan, but no loan application will be qualified if no property or more than 5 properties are provided.