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raketka [301]
3 years ago
8

A good faith estimate is required by law to be given by the lender to the borrower within three days of submitting a loan applic

ation. What are some of the drawbacks of not having that estimate at the time of closing?
Mathematics
1 answer:
tensa zangetsu [6.8K]3 years ago
5 0

Answer: The loan estimate is standardized, and lists services you are allowed to shop for. You may not be able to shop for an appraisal fee or a credit report fee, but be able to shop for a land survey and title insurance. Lenders will vary in their requirements. Explanation: The Good Faith Estimate (GFE) was designed to encourage consumers to shop and then compare fees from various lenders before choosing a mortgage provider. Its original purpose was to help consumers understand what services they could shop for-so they not only received the lowest interest rate and best terms but saved significantly on closing costs as well.

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Flying lessons on weekdays cost m dollars per hour. Flying lessons on weekends cost 1.2m dollars per hour. The expression 9m+3(1
lbvjy [14]

Answer:

The cost of lesson for 9 hours on weekdays and 3 hours on weekends

Step-by-step explanation:

Given

Weekdays = \$m /hour

Weekends = \$1.2m/hour

Required

What does 9m + 3(1.2m) represent

The expression can be split to:

9m and 3(1.2m)

<u>For 9m:</u>

From the question, we understand that:

m = 1\ hour

Multiply both sides by 9

9 * m = 1\ hour * 9

9 m = 9\ hours

This means that:

9m = the cost of lessons for 9 hours on weekdays

<u>For 3(1.2m):</u>

From the question, we understand that:

1.2m = 1 \ hour

Multiply both sides by 3

3 * 1.2m = 1 \ hour * 3

3(1.2m) = 3 \ hours

This means that:

3(1.2m) = the cost of lessons for 3 hours on weekends

Hence, the expression represents:

The cost of lesson for 9 hours on weekdays and 3 hours on weekends

7 0
3 years ago
A market sells 6 cans of food for every 7 boxes of food. The market sold a total of 26 cans and boxes today. How many of each ki
Solnce55 [7]
6 cans and 20 boxes
6 0
3 years ago
Read 2 more answers
Add: 3/8 + 1/8 + 2/8
Ghella [55]

The answer to 3/8+ 1/8 + 2/8 = 0.75 or 3/4

4 0
4 years ago
What is a constant term or variable term that makes 5x + 20 = 5x + ? have one solution?
In-s [12.5K]

Answer:

It would be 20

Step-by-step explanation:

because 5x+20 = 5x + <u>         </u>

it would have to be 20

to have 1 solution

6 0
3 years ago
What is the circumference of a circle if the radius is 50 ?
Zina [86]
The appropriate formula is C = 2*pi*r.  

Here, C = 2*pi*(50 units) = 100*pi units (answer)
5 0
4 years ago
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