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Volgvan
1 year ago
6

margo has found her dream house. it’s listed at $370,000, and she plans to offer $365,000. she has a letter from her lender stat

ing that she’s been pre-approved for a maximum $375,000 loan. why should she ask her lender to re-write the pre-approval letter? unset starred question
Business
1 answer:
charle [14.2K]1 year ago
7 0

By providing the letter with her maximum loan amount Margot risks reducing her negotiating ability

This is further explained below.

<h3>What is a pre-approval letter?</h3>

Generally, A letter from a lender that states that the lender is willing to lend to you in the event of prequalification or preapproval is a document that states the lender is willing to lend to you up to a particular loan amount.

This is not a guaranteed loan offer, and the document that you are looking at is based on certain assumptions.

In conclusion, Margot runs the risk of decreasing her capacity to negotiate by diminishing her leverage by submitting the letter with the maximum loan amount.

Read more about the pre-approval letter

brainly.com/question/28221419

#SPJ1

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1) The <em>E->P expectancy</em> is related to the concept of investing effort into something that you know will lead to the desired performance. It is the part of the expectancy theory that is not related to rewards.

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2) The <em>P->O expectancy</em> is related to rewards, and it states that employees will get motivated if the desired performance will result in a reward. In this case, Emma's putting the goal (10% increased sales) in direct relation with a reward.

3) Since the Motivation Report states that Ethan is motivated by time off, two days off with pay is the most appealing reward for him. The money bonus is more appropriate for Jon, while a choice of work assignments is better for Blair.

6 0
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Advertising appeal and unique selling proposition.

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#SPJ4

5 0
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Best Appliances owns​ 90% of the voting stock of​ Wratchet, Inc. Which of the following is​ true? A. Wratchet would be considere
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Answer:

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