Question

a lender is in the practice of restricting the number of loans or the loan-to-value ratio in certain areas of a community. this is a violation of fair housing law and is called

Answer 1

"Redlining" is the practice of a lender of limiting the quantity of loans available; this is against the fair housing law.

Which loan kind will quickly and significantly reduce the principal balance?

Illumination: A loan's principle is fully repaid and equity is built up more quickly the shorter its tenure. The LARGEST and SPEEDIEST principle reduction would be achieved with a multiyear loan at the a 13% interest rate.

There are four crucial steps that must be taken when a lender processes a loan:

There are four crucial steps that must be taken when a lender processes a loan. Analyze the borrower's capacity for loan repayment. Determine the estimated value of the asset serving as loan collateral. Examine the title's marketability by doing some research.

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