Sally, a lender with a banking, has received a loan application from a prospective buyer hoping to purchase a four-bedroom house. sally would verify the information she has received.
To assess applicants' creditworthiness and ability to repay a mortgage loan, mortgage bankers are required to confirm or verify applicants' work status, salary, credit history, and other financial information. Bankers make sure that applicants complete all necessary loan forms, and they respond to any queries that applicants may have regarding the mortgage procedure.
When you apply for a mortgage to buy real estate, you must submit a loan application to the lender. The data in a loan application is what lenders use to determine whether or not to approve the loan.
To learn more verifying loan application here
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Answer: False
Explanation:
Indirect costs are costs that are not linked directly to a cost object Administration and security costs are indirect cost as they These are are not related directly to production.
Examples of indirect costs are rent, overhead costs, employees salaries, utilities and general office expenses.
The cost associated with moving the workers is a direct cost because the workers are directly involved in the production process.
The demand would go up because it would be more affordable
Answer:
3.44%
Explanation:
For this question we use the RATE formula that is shown on the attachment
Data provided in the question
Present value = $15,000,000
Future value or Face value = $0
PMT = $1,050,000
NPER = 20 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the rate pf the return is 3.44%
