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Vadim26 [7]
2 years ago
14

Timothy, a staff member at a university, wants to purchase a house. As he does not have sufficient funds, he is forced to take a

loan. Given his low credit score, it is highly unlikely that he will be able to repay the borrowed money. In this scenario, Timothy should apply for a(n) _____.
Social Studies
1 answer:
Maksim231197 [3]2 years ago
4 0

Answer:

Timothy should apply for a mortgage loan.

Explanation:

A mortgage loan is used to buy real state while putting a lien on the property being mortgaged. As Timothy wants to acquire real state (a house in this case) his loan is secured on the borrower's property (the same house). A lien, in this case, would be a security interest granted over the house as property to secure the payment of Timothy's debt.

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5 0
3 years ago
An infestation of banana spiders makes it extremely difficult to harvest Indian bananas. The U.S. Surgeon General has stated tha
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Answer:

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Explanation:

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3 years ago
What is Nigeria's government like today? A. authoritarian B. communist C. democratic D. aristocratic
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5 0
3 years ago
{30-[12-(3+4)+2]×2}-15 how do I get my answer
olasank [31]

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3 years ago
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