👉 The term "applyment" is used in the context of real estate transactions, specifically referring to the process by which a borrower applies for a loan. This can be done through various channels such as banks, credit unions, or online platforms. In a typical application process, a borrower fills out an application form that outlines their financial situation and details about their property, such as the location and condition of the property. The lender then evaluates this information to determine if they are eligible for the loan based on
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