Identify the actions related to buying a home and those for renting a home. credit and background checks prequalified loan property walkthrough finding a lender

Question

Jairo Mata

Business

11 May, 16:22

Identify the actions related to buying a home and those for renting a home. credit and background checks prequalified loan property walkthrough finding a lender

+1

Answers (1)

Know the Answer?

Braydon Blackburn · Answer 1

From the given options option 2 and 4 are for buying the home while option 1 and 3 are for both renting and buying of home

Explanation:

The options are as below

Credit and background checks Pre-qualified loan Property walkthrough Finding a lender

In option 1 credit and background checks are conducted by the lender/owner of the house so that to ensure that the buyer/renter is a trustworthy person or not

In option 2, when a house is to be bought, it has to be made sure that the loan will be approved. In this case it would not hurt to have a pre-qualified loan.

In option 3, walkthrough of the property has to be carried out in both cases when buying or renting the house.

In option 4, finding a lender is a requirement for the purchase of the house so that you have enough money to pay for the house upfront and can pay back to your lender in installments, However this is not required in the renting process.