Landmark Funding LLC: Apply for a Loan Online

Try our Mortgage Calculator to help you calculate payments on your perfect home.

>	Loan Application Request
>	Qualifying for a Loan
>	Tips to Improve Your Credit

Rescission:
The cancellation or annulment of a transaction or contract by the operation of a law or by mutual consent. Borrowers usually have the option to cancel a refinance transaction within three business days after it has closed.
View more terms.

Know the Three Loan Qualifiers Used in Lending

Credit Grade: Your credit is graded between an A++ and D. It is determined by an analysis of credit reports from the three credit bureaus: Transunion, CBI, and TRW.
Loan to Value: Loan to Value (LTV) is measured as a percentage from 0-100%. It is determined by dividing the amount of money secured against your property by the appraised value of your property.
Debt Ratio: Debt Ratio (D/I) is measured as a percentage from 0-100%. It is calculated by dividing your monthly expenses (mortgages, car payments, and minimum monthly payments to credit cards) by your gross monthly income.

Wondering what other questions you should be asking or what some of these terms mean?
Check out our helpful FAQs section and our glossary of loan terms.