1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
What would be the value of 150 after eight years if you earn 12 percent interest per year
Monica [59]
The answer depends on what type of interest. If you are using compound interest, then the interest is different every year, as the amount you earn goes up because the amount you have in the bank goes up. Simple interest is the opposite, as you earn one amount each year, and it does not change.
So.....
Simple Interest:
0.12 * 150 = 18
18 * 8 = 144
144 + 150 = $294
Compound Interest:
150(1 + 0.12)^8
150 * 1.12^8
150 * 2.475 = $371
5 0
3 years ago
Read 2 more answers
Deep mixing is a ground improvement method developed for soft soils like​ clay, silt, and peat. Civil engineers investigated the
Kitty [74]

Answer:

a)  0.9078

b) 0.9832

c) T = 2.9867

Step-by-step explanation:

Given:-

T  ~ N (2.7 , 0.8 )

Find:

Find the probability that the tip resistance will fall between 1.3 and 4.0 MPa.

Find the probability that the tip resistance will exceed 1.0 MPa.

Find a value of tip​ resistance, T, such that 36​% of all soil samples have tip resistance values that exceed T

Solution:

a) To find the P ( 1.3 < x < 4.0 ) we will first compute the z-score values:

        P (1.3 < x < 4.0 ) = P ( (1.3 - 2.7)/0.8 < Z < (4.0 - 2.7)/0.8)

        P (1.3 < x < 4.0 ) = P ( -1.75 < Z < 1.625)

- Using the Z-table values we can evaluate the probability:

       P (1.3 < x < 4.0 ) = P ( -1.75 < Z < 1.625) = 0.9078

b) To find the P ( x > 1 ) we will first compute the z-score values:

        P ( x > 1.0 ) = P ( Z > (1.0 - 2.7)/0.8)

        P ( x > 1.0 ) = P ( Z > -2.125)

- Using the Z-table values we can evaluate the probability:

       P ( x > 1.0 ) = P ( Z > -2.125) = 0.9832

c) To find the P ( x > T ) we will first compute the z-score values:

       P ( x > T ) = P ( Z > (T - 2.7)/0.8) = 0.36

  - We will search for the z value with the condition above from Z-table.

       P ( Z > (T - 2.7)/0.8) = 0.36,  Z = 0.358375

  - Hence, we calculate for T:

        T = 0.358375*0.8 + 2.7

        T = 2.9867

5 0
2 years ago
Factor the trinomial: <br>x^2-8x-33<br><br>please help I'm stumped
Anon25 [30]
-33=-11*3
-8=-11+3
so
(x-11)(x+3)
8 0
2 years ago
Read 2 more answers
mark's soup recipe makes 6 servings and uses 4 carrots and 2 potatoes. How many carrots and potatoes does he need for 15 serving
VLD [36.1K]
Let’s see, for 6 servings he needed 4 carrots, meaning every carrot was equal to 1.5 servings. 15/1.5 is 10, 10 carrots for 15 servings.
7 0
2 years ago
Which pair of fractions is equivalent to this pair: <img src="https://tex.z-dn.net/?f=%5Cfrac%7B3%7D%7B5%7D" id="TexFormula1" ti
liubo4ka [24]

\dfrac{3}{5}=\dfrac{3\cdot7}{5\cdot7}=\dfrac{21}{35}\\\\\dfrac{2}{7}=\dfrac{2\cdot5}{7\cdot5}=\dfrac{10}{35}\\\\Answer:\ \boxed{B.}

4 0
3 years ago
Other questions:
  • HELP ASAP PLEASE!!!!!!!!
    10·2 answers
  • URGENT WILL GIVE BRAINLIESST
    6·1 answer
  • Does the graph look more like a quadratic or exponential function? Why?
    11·1 answer
  • Four balls of wool will make 8 knitted caps. How many balls of wool will Malcolm need if he wants to make 6 caps
    6·1 answer
  • What polynomial has roots of −4, −1, and 6? x3 − 9x2 − 22x + 24 x3 − x2 − 26x − 24 x3 + x2 − 26x + 24 x3 + 9x2 + 14x − 24
    12·1 answer
  • Find the general solution of the nonhomogeneous differential equation x^2y''-2y=3(x^2) -1, (x&gt;0).
    11·1 answer
  • A regular heptagon has a radius of approximately 27.87 cm and the length of each side is 24.18 cm. What is the approximate area
    15·2 answers
  • John has $55. He buy 6 books. Each book cost the same amount . He now has 10
    8·2 answers
  • Write a two column proof. (answer what you can if possible)
    10·1 answer
  • PlEase help you can edit the photo
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!