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lianna [129]
1 year ago
12

All mortgage companies are willing to loan anyone money regardless of credit scores. True or false?

Computers and Technology
1 answer:
alina1380 [7]1 year ago
7 0

Your credit reports and scores will be taken into consideration by lenders when deciding whether you qualify for a loan and what interest rate to offer you.You can have problems getting a loan if your credit report contains mistakes.So, check your credit right away.

Should you check your credit score before applying for a mortgage?

  • Although a credit score as low as 500 may be acceptable, there are still a number of other conditions to be met before you can receive an FHA loan guarantee.
  • Mortgage insurance, a 10% down payment (or 3.5% if your credit score is above 580), and a monthly payment are all requirements for these loans.
  • When you apply for a traditional loan, it is advised that your credit score be 620 or above.
  • Lenders may not be able to approve your loan or may be forced to offer you a higher interest rate, which could mean higher monthly payments, if your credit score is below 620.
  • A higher score may make you eligible for lower mortgage interest rates and fees because it gives a lender more assurance that you will make payments on time.
  • If you have a great credit score, some lenders may also lower their down payment requirements.
  • By comparing interest rates and costs from lenders who offer loans made for consumers with weak credit, you can obtain a loan despite having a low credit score.
  • And even better, think about repairing your credit before you apply for a loan so you may get better conditions.

       To learn more about mortgage refer

     brainly.com/question/1318711  

      #SPJ1

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a 2x4 line decoder with enable is implemented using nand gate only. how many nand gate is needed to construct this line decoder?
arsen [322]

6 NAND gates are needed to construct this line decoder when a 2x4 line decoder with enable is implemented using nand gate only.

What is NAND gate?

The NAND gate is a hybrid of the AND and NOT gates. They are linked in a cascade fashion. It is also known as the Negated And gate. Only when their outputs are high or true does the NAND gate provide a false or low output. The NAND gate is necessary because it is used to implement various types of boolean functions.

The NAND gate has the functional completeness property. The NAND gate's function completeness means that it can be used to implement any type of gate. It functions as an OR, NOR, and AND gate.

To learn more about NAND gate, visit: brainly.com/question/25783048

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8 0
1 year ago
Which statement is true about biometrics as an authentication method?​
Irina-Kira [14]

The statement is true about biometrics as an authentication method in options b and c.

<h3>What is Biometrics?</h3>

Biometrics is the measurement worried in measuring behavior or physiological traits of the human being. It is used for verifying the identification of a specific man or woman. It is probably operated in modes, particularly authentication and enrollment.

The complete question is :

Which of the following are true in biometric systems?

  1. a. For authentication application, a user template is compared against a single template stored in the database.
  2. b. For verification/identification application, a user template is compared against all the templates stored in the database.
  3. c. Multimodal biometrics is used to improve accuracy.
  4. d. None of these.

In the first mode, the facts is used and proven to test who the man or woman is. The second mode is obtaining the man or woman's facts and storing it in a database. Usually, multi-version biometrics are used for enhancing popularity accuracy.

Read more about the authentication :

brainly.com/question/25689052

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3 0
2 years ago
Assume that the population of Mexico is 114 million and that the population increases 1.01 percent annually. Assume that the pop
AfilCa [17]

Answer:

#include <bits/stdc++.h>

using namespace std;

// main function

int main()

{

// variables

   double mexico = 114;

   double usa = 312;

   double mexicoRate = .0101;

   double usaRate = .0015;

// calculate population after every year until mexico population exceed the usa populationn

   while (usa>mexico)

   {

// print the population

       cout<<"Mexico's population ::"<<mexico<<" million."<<endl;

       cout<<"USA's population ::"<<usa<<" million."<<endl;

// update the population

       mexico+=mexico*mexicoRate;

       usa-=usa*usaRate;

   }

return 0;

}

Explanation:

Declare and initialize mexico and usa with their initial population.Also declare and initial their increase and decrease rate.Find the population of both the  country each year until mexico population exceeds the usa population.

Output:

Mexico's population ::114 million.                                                                                          

USA's population ::312 million.                                                                                            

Mexico's population ::115.151 million.                                                                                      

USA's population ::311.532 million.

.

.

.

Mexico's population ::270.546million.                                                                                      

USA's population ::274.213 million.                                                                                        

Mexico's population ::273.278million.                                                                                      

USA's population ::273.802 million.

6 0
3 years ago
What type of rain happens when cold air meets warm air
Elodia [21]
A tornado happens when you mix cold with hot
5 0
4 years ago
What is the technological singularity and what are the dangers it brings to man
professor190 [17]
The definition according to google and the dictionary of technological singularity is the following : The technological singularity (also, simply, the singularity) is the hypothesis that the invention of artificial superintelligence will abruptly trigger runaway technological growth, resulting in unfathomable changes to human civilization.

The dangers this brings to man kind is the fact that people will turn out to not be people or there may be a different species considered as humans or human kind .Also we were made as humans from something else artificial super intelligence will basically be forming from us which means it will be forming from something that was already mean basically meaning there will be something changed within the species or artificial super intelligence itself.
3 0
3 years ago
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