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BartSMP [9]
2 years ago
9

Paula has completed a mortgage application and provided evidence of employment, income, assets owned, and existing debt to the p

otential lending institution. Although Paula has not even begun the process of looking at possible homes to buy, she is eagerly awaiting news from the lender as to whether she has been approved for a mortgage. In what stage of the application process is she
Business
1 answer:
frosja888 [35]2 years ago
3 0

Prequalification

What is Prequalification?

Pre-qualification describes a credit assessment made by a lender based on data supplied by a borrower. Before providing a pre-approval, the lender must first pre-qualify a borrower by evaluating their creditworthiness.

<h2>What is Contractor Prequalification?</h2>
  • The process of acquiring and evaluating information to identify a contractor's capability, capacity, resources, management procedures, and performance is known as contractor prequalification.
  • Financial capability and surety, job history, licensing and credentials, management standards, regulatory, quality, safety, and environmental performance data are examples of typical subject matter areas.
  • Before accepting bids, local government uses audits to determine the prequalification standing of prospective bidders on projects. Only prequalified bidders will be given the opportunity to place a bid.

learn more about prequalification in :

brainly.com/question/14497625?referrer=searchResults

#SPJ4

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On average, someone with a Bachelor's degree is estimated to earn ____ times more than someone with a high school diploma.
Anna11 [10]

On average, someone with a Bachelor's degree is estimated to earn 84% more than someone with a high school diploma.

According to the analytics of National Center for Education Statistics (NCES), those who have college degrees can earn significantly more compared to those with only high school diploma.

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3 years ago
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What are three conditions for bacteria growth and reproduction ?
Bingel [31]
Temperature, oxygen and food
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3 years ago
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Managers often use a(n) _____ approach when making organizational decisions - using financial performance such as profit as the
Studentka2010 [4]

Managers often use a(n) utilitarian approach when making organizational decisions - using financial performance such as profit as the best definition of what constitutes an ethical choice for the company.

<u>Explanation:</u>

When decisions are taken by taking benefits and the costs that are associated with stakeholders into consideration is an utilitarian approach. The main thing that is considered in this approach for taking any decision is consideration of the outcome and net result of the action that is to be taken.

It aims in taking an action that has greater good for many number of people and less harm for lesser number of people. It considers both the people who gets benefits and those people who suffer from the decision. It mainly focus on choosing an alternate that is more ethical and produces a good balancing of benefits than harm.

8 0
4 years ago
You have saved​ $120,000 for your child to attend college. If it is in an account earning an annual rate of​ 8%, how much can yo
harkovskaia [24]

Answer:

I will take $36,230.5 to pay for the education of child.

Explanation:

Cash Invested in the saving account will earn a return of 8% each year and this amount could be withdrawn by the me to pay for the education of child.

We will use following formula to calculate the annual payments

P = r ( PV ) /  [ 1 - ( 1+ r )^-n ]

where

PV = amount of investment = $120,000

r = rate of return = 8%

n = number of period = 4 years

P = 8% ( 120,000 ) / [ 1 - ( 1 + 0.08 )^-4 ]

P = 36,230.5

3 0
3 years ago
Help !!! It’s about how much money you will make by 65
JulijaS [17]

Answer: it doesn't matter.

Explanation:

It doesn't matter how much money you make along as you have money to support yourself

3 0
3 years ago
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