This loan is best classify as a <u>conventional mortgage loan</u>.
<h3>What is a conventional mortgage loan?</h3>
This refers to a conforming loan which simply means that it meets the requirements for Fannie Mae or Freddie Mac.
This type of mortgages have a fixed rate of interest and means that the interest rate does not change throughout the life of the loan. Also, they are not guaranteed by the federal government and as a result have stricter lending requirements by banks and creditors.
In conclusion, the entities Fannie Mae and Freddie Mac are government-sponsored enterprises that purchase mortgages from lenders and sell them to investors.
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Answer:
Explanation:
Attached is a solution to the question
Answer: Step 1(Consequentialist framework)
Explanation: Ethics is a system of accepted rules or sets of moral acts that guides how people in an organization or a community exist or interact,Ethics has also been called Moral phylosophy. Ethics has been classified into three different frameworks which includes Consequentialist Framework( a framework where the output or result can be traced to the input,like the case with the question)
The Duty Framework( where the person involved has to think about the duty involved and its Ethical obligation in a given time) and the Virtue Framework(this Framework believe we acquire virtue the different moral acts we do or practice).
Answer:
if there is more and more of something, it has less demand
Explanation: hope this helps!
Answer:
The correct answer is option C.
Explanation:
A rightward shift in the demand curve means that at the same price levels, the consumers are demanding more of the commodity. A rightward shift in the demand curve causes it to intersect with the supply curve at a higher point.
The equilibrium point shifts upward. This causes both equilibrium quantity and price level to increase.
A leftward shift, on the other hand, causes the equilibrium price and quantity to decrease.
