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Studentka2010 [4]
2 years ago
8

Is a loan estimate the same as a pre approval letter?

Business
1 answer:
PtichkaEL [24]2 years ago
3 0

A pre-approval says that you're a good candidate for a mortgage. You're likely to be approved for the loan as long as the information you provide is accurate. A Loan Estimate, on the other hand, doesn't come until “after” you've found a property.

What is a loan estimate for?

A Loan Estimate is a three-page form that you receive after applying for a mortgage. The Loan Estimate tells you important details about the loan you have requested. The lender must provide you a Loan Estimate within three business days of receiving your application. The Loan Estimate is a form that took effect on Oct.

What does a pre-approval letter include?

Pre-approval letters typically include the purchase price, loan program, interest rate, loan amount, down payment amount, expiration date, and property address. The letter is submitted with your offer; some sellers might also request to see your bank and asset statements

Learn more about loan estimate and pre approval letters:

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The self-supporting spouse of a registered rep has an account with your firm. Your firm is underwriting the initial public offer
Harman [31]

Answer:

a. cannot be purchased through the IPO.

Explanation:

The Financial Industry Regulatory Authority (FINRA) does not allow purchase of IPO stock by insiders.

It states that no FINRA member firm should sell IPO shares to an account where a restricted person has an interest.

Restricted persons are defined as anyone that is employed by a broker or their immediate family.

So the spouse of the registered representative cannot be given an allocation in the IPO share sale.

6 0
3 years ago
Assume that the number of sellers and market increase, what will happen to the supply curve for the product, and what will happe
Afina-wow [57]

A shift in the number of vendors in a market affects the quantity offered at each price and, consequently, the supply. The supply curve moves to the right as the number of suppliers of an item or service rises.

<h3 /><h3>What is supply curve?</h3>

Supply curve is the correlation between the goods and services supplied in a particular quantity for a period of the time. Maximum the quantity supplied is in the horizontal axis and the price is on the vertical axis.

Thus, A shift in the number of vendors in a market affects the quantity

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6 0
2 years ago
Most operating decisions of management focus on a narrow range of activity called the ______ of production.
dmitriy555 [2]

Most operating decisions of management focus on a narrow range of activity called the relevant range of production. This is further explained below.

<h3>What are operating decisions?</h3>

Generally, Decisions about daily operations are the kinds of particular business choices that are made by every company on a daily basis. There are millions upon millions of these that have been taken, and thousands upon thousands of distinct varieties. Decisions on how to operate day-to-day activities in a firm are called "operational" and are made by a variety of employees.

In conclusion, The majority of operational choices made by management center on a certain subset of activities, which is referred to as the relevant range of output.

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4 0
2 years ago
Which of the following is true of a job-based pay structure? It reinforces a top-down decision-making process. It discourages pr
notsponge [240]

Answer:

The correct answer is: it reinforces a top-down decision-making process.

Explanation:

A salary structure of this type prevails issues of complexity, specialization and importance of a given job. From this point on, a series of technical criteria are established based on the relevance of the contracted personnel, where the hierarchical structure shows the level of importance according to whether it is a managerial or trusted position within the management of the organization. The positions with the highest salary are usually those located in the upper part of the hierarchical structure, and it decreases as other positions are filled until it reaches those who support the pyramid.

6 0
3 years ago
Which of the following will shift the aggregate demand curve to the left?
lisov135 [29]

Answer:

A. Interest rates rise.

C. There is an economic boom overseas that raises the incomes of foreign households.

Explanation:

Option A - It is correct because if the interest rate increases, consumer spending will decline. Therefore, the aggregate demand curve will shift to the left.

Option B - If the government reduces the personal income tax, the consumers will spend more, it will lead the aggregate demand to the right. So, it is wrong.

Option C - Foreign households' income will lead to more savings. Therefore, spending will decline. So, it is the correct statement.

Option D - It is incorrect because corporate profit tax will not consider in the aggregate demand.

3 0
3 years ago
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