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m_a_m_a [10]
3 years ago
10

Jamal tried to apply for a mortgage. However, he was turned down for the loan because the loan officer noticed that he had made

late payments to his credit card and he had not made payments on a loan. What questions should he have asked himself before deciding to buy a home
Business
1 answer:
tino4ka555 [31]3 years ago
7 0

Answer:

The two questions that he must ask from himself are:

  • Do you have credit report?
  • Do you have good credit score?

Explanation:

The reason is that the banks are giving you money and are worried about whether or not you are going to pay them back or not. So they require some evidences whether the person has any credit report and good credit score which shows that the person will be worried to pay the bank and if he is not able to pay he find alternative as he is a responsible person. So these two questions assesses whether the person is capable to pay the mortgage.

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3 0
3 years ago
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8 0
2 years ago
You plan to retire at age​ 65, and you want to have enough money in your savings account to withdraw​ $54,000 every year for 20
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The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

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