Question

Why is it important to a lending institution that a person present a 2-year job history when applying for a home loan? a. Most lending institutions have quotas for giving loans to people with certain careers. b. A job history helps the lender to get to know the people they are lending money to instead of lending to a complete stranger. c. Lending institutions have a high employee turnover rate and are always looking for new employees. d. It is important to present job history when applying for a loan because a bank or lender needs assurance of payment.

Answer 1

The answer would be D. When it comes to home loans, having a good payment record and a decent job history is important. It is in this way that lenders are going to have the assurance they need with regards to being paid back on time with the money they lent.