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4 years ago

Which two of these should you do if your lender rejects your loan application?

Business

2 answers:

Minchanka [31]4 years ago

6 0

Answer: B). Ask your lender why

D). Shop for a different tender or type of mortgage

Explanation:

B. You are well within your rights to inquire as to why your application was denied. Lenders are even required by law to give certain information out so do not feel like you're being overbearing. Finding out why your application was rejected will help you know what to fix to be able to apply for another one.

D. Lenders have different risk appetites and preferences. What one lender tells you about your creditworthiness is not necessarily what another will. They may view your finances as well enough to apply. Therefore shopping for a different lender is quite logical if you are rejected. Beware of Predatory lending though whereby unethical practices such as overly high interest rates are used.

saul85 [17]4 years ago

5 0

Answer:

Find out the reason why the loan was rejected

You can also look for another lender

Explanation:

Loan application could be declined for so many reasons. However , in a situation where an application is not granted , it is good to find out the reasons behind the decision so as to avoid repeating such in subsequent application.

Another step to be taken after denial of application is to look for alternative lender and make another application . One may also need to improve on the application to avoid another denial this time around.

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svetlana [45]

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3 years ago

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Alex73 [517]

Answer:

it is flowatational

Explanation:

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3 years ago

You have $1200 to invest in a bank account with an interest rate of 5.5%, compounded monthly. After how many years will your acc

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3 years ago

Who are the primary regulatory entities of the real estate business?

omeli [17]

Answer:

State regulation State governments are the primary regulatory entities of the real estate business. State governments establish real estate license laws and qualifications

Explanation:

A simple definition of real estate is that it is air, water, land, and everything

affixed to the land. Real estate in the United States may be owned privately by

individuals and private entities or publicly by government entities. Private

ownership rights in this country are not absolute. The government can impose

taxes and restrictions on private ownership rights, and it can take private

property away altogether. In addition, other private parties can exert their rights

and interests on one's real property. A bank, for example, can take a property if

the owner fails to pay a mortgage. A neighbor can claim the right to walk across

one's property whether the owner likes it or not, provided he or she has done so

for a certain number of years.

In attempting to define real estate, it is essential to understand what rights and

interests parties have in a parcel of real estate. And to understand real estate

rights and interests, one must first recognize the distinctions between:

 land and real estate

 real estate and property

 real property and persnal pro[perty

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3 years ago

Ferrari is well known as a brand of luxury sports cars; accordingly, it has leveraged its brand name to introduce clothing offer

Pepsi [2]

Answer:

brand dilution

Explanation:

According to the information in the question above, it is correct to say that Ferrari may run the risk of diluting the brand, which occurs when a brand has a very strong product, as in the case of Ferrari, which is a brand recognized for its luxury cars , and betting on a licensing strategy can lead to a loss of value because other product lines do not meet the quality and value standards perceived by consumers.

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3 years ago