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Anettt [7]
3 years ago
10

What is the safest option when it comes to storing money?

Business
1 answer:
Sunny_sXe [5.5K]3 years ago
6 0
Hi there! There is no 100% safest option when storing money. It depends on the amount, and specific options. For example : personal safe/ vault in secured and well protected home. Another example would be a bank, with low security. I believe it is circumstantial. I think it is best to have a secured personal house/ building with high security. Hope this helps! : )
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3 years ago
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3 years ago
A borrowers expresses concern that once he signs all the documents he will be stuck with a second mortgage
jekas [21]

The question is incomplete:

A borrowers expresses concern that once he signs all the documents he will be stuck with a second mortgage. A good response by a Notary Signing Agent could be to:

a. Recommend that the borrower contact his lender’s representative and provide the phone number

b. Suggest the borrower stop, take a few days to reconsider, and then reconvene once the borrower feels more comfortable

c. Recommend that the borrower sign documents now and then cancel the loan within three days if the borrower is still concerned

d. Assure the borrower that the borrower’s loan term are excellent and should continue

Answer:

a. Recommend that the borrower contact his lender’s representative and provide the phone number

Explanation:

As the borrower is concern that he will be stuck wit a second mortgage, a good response is to contact his lender's representative as that would be the appropiate person to help him understand all the conditions on his mortgage and be sure that they are good and that he will be able to pay back the loan.

The other options are not right because the borrower should reconsider but he needs to talk to the lender's representative to get all the information to be able to make a decision, he shouldn't sign the documents if he is not sure and a Notary Signing Agent is not the appropiate person to talk about the loan terms.

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3 years ago
If you receive a loan the money the lender gives you is called
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