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Dmitry [639]
3 years ago
12

For which buyer would a lender most likely approve a $200,000 mortgage?

Business
2 answers:
Yakvenalex [24]3 years ago
8 0

Available options:

  1. a person with a credit score of 800 with a large amount of debt who has recently switched to a lower-paying job
  2. a person with a credit score of 760 with a small amount of debt who has had steady employment for many years
  3. a person with a credit score of 650 with a large amount of available credit who has a low-paying, but steady job
  4. a person with a credit score of 600 with a small amount of available credit who has recently switched to a high-paying job

Answer:

2) a person with a credit score of 760 with a small amount of debt who has had steady employment for many years

A credit score higher than 660 is considered good, above 720 is very good and above 800 is extremely good. Banks will usually lend money to individuals with a good credit score, but the interests and other specific terms might not be as good as for individuals with very good or excellent credit scores.

The problem with the individual in option 1 is that he/she already has a lot of debt and probably has been recently fired and is switching to a lower paying job. The combination of less income plus high monthly payments is never good. You must remember credit scores are based on historical data, and things can change very quickly.

While the individual in option 2 has a very good credit score, doesn't have a lot of debt and has been steadily employed for several years, this is a really combo for banks.

jolli1 [7]3 years ago
5 0
I think the answer is B: a person with a credit score of 760 with a small amount of debt who has had steady employment for many years. 

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Which activity best demonstrates the trait of responsibility?
Dima020 [189]

Which activity best demonstrates the trait of responsibility?

A. demonstrating accountability for your actions

Out of the options, demonstrating accountability for your actions is the activity that best demonstrates the trait of responsibility. Your actions are of no ones responsibility besides you, you must understand the decisions you make. All of the other options are all important but not examples of accountability.  

8 0
3 years ago
scott is the chief human resource officer (CHRO) of MarkIt Inc.. In performing the tasks of aligning the HR activities with the
Crank

Answer:

leader of the HR function

Explanation:

HRM stands for Human Resource Management. It is a department in any business organization which looks after hiring, training and managing the employees of the organization.

It also deals with the issues of the employees that they face in the organization.

In the context, Scott who is the CHRO, i.e. the chief human resource officer of the organization named Marklt Inc. performs the tasks of the management and alignment of all the HR activities that is with the need of the business. In such a way, Scott is performing the role of the leader of the HR function.  

As a leader of the HR, Scott is ensuring that Marklt Inc. has the right people in the organization working to their best.

5 0
3 years ago
Assume that the international Fisher effect (IFE) holds between the U.S. and the U.K. The U.S. inflation is expected to be 5%, w
Lesechka [4]

Answer:C. Real interest rates expected by British investors are 2 percentage points higher than the real interest rate expected by US investor.

Explanation:

The real interest rate is the market interest rate less the inflation rate.

The inflation rate always reduce the purchasing power of money which is the real measure of the purchasing power of money and not the money face value.

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3 years ago
Which of the following goods is nonrival?
arsen [322]
A tuna in the ocean
6 0
3 years ago
A travel agency discovers that it has been charged for payments to a print shop drawn on checks written by an unknown third part
trasher [3.6K]

Answer:

Forgery or Alteration Coverage Form.

Explanation:

The travel agency loss would be covered under Forgery or Alteration coverage form.

Under Commercial Crime insuring agreement, It insures an individual or business against the forgery or alteration of financial instruments e.g promissory notes, drafts, and checks with respect to payment of a sum of money that was made or drawn by the insured or anyone acting on his/her behalf such as next of kin.

8 0
3 years ago
Read 2 more answers
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