Ask Question
BusinessBusiness
25 October, 15:55

Matt is planning to buy a house. Before seeking a mortgage loan, he orders a copy of his credit report. Matt can get: a) one copy a year for about $30 b) one free copy a year c) free copies whenever he likes

+2
Answers (1)
  1. 25 October, 16:19
    0
    b. One free copy a year.

    Explanation:

    Before seeking mortgage loan to buy a house, it is important to request for a copy of credit report, which shows status about repayment history and credit accounts. This report is usually free and an intending borrower could request for one free copy a year.

    The report shows history of loans obtained elsewhere and how often repayment is made, which comes at no cost to the requester.

    Lending institutions always decide whether or not to grant mortgage loan to an intending borrower base on the information (credit history) as contained in the credit report, hence the better the credit history, the higher the chances of getting a good interest rate on the mortgage loan.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Matt is planning to buy a house. Before seeking a mortgage loan, he orders a copy of his credit report. Matt can get: a) one copy a year ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
How much tax do i pay if i make 100000 in california?
Answers (1)
Which of the below statements is inaccurate? a. ideally an organization wants to build both forward and backward integrations. b. most organizations invest in forward integrations only. c. most organizations invest in backward integrations only. d.
Answers (1)
Stellar Company sells goods that cost $309,500 to Record Company for $415,500 on January 2, 2020. The sales price includes an installation fee, which has a standalone selling price of $45,500. The standalone selling price of the goods is $370,000.
Answers (1)
You purchased 1,000 shares of the New Fund at a price of $23 per share at the beginning of the year. You paid a front-end load of 2.5%. The securities in which the fund invests increase in value by 9% during the year. The fund's expense ratio is 1.
Answers (1)
Sun Inc. factors $3,000,000 of its accounts receivables without recourse for a finance charge of 5%. The finance company retains an amount equal to 10% of the accounts receivable for possible adjustments.
Answers (1)
New Questions in Business
Why is it important to take special steps to format an electronic résumé properly? a. It demonstrates superior knowledge over other candidates b. It shows time went into applying for the position c. It ensures the document is clear and readable d.
Answers (1)
For much of the 1990s, the U. S. economy was experiencing long-run economic growth, low unemployment, and a stable inflation rate. Which of the following would give rise to these outcomes? Choose one: A.
Answers (1)
The Victoria Fund, a child welfare fund, received $50,000 in cash in 2018. The donor requires the gift be held in perpetuity and that the income from investing this money may be used for its program of promoting adoption of young girls.
Answers (1)
The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost for a motor tune-up is given below: Job Standard Hours Standard Rate Standard Cost Motor tune-up 1.50 $6.20 $9.
Answers (1)
Haberdash inc. last year reported sales of $12 million and an inventory turnover ratio of 3. the company is now adopting a just-in-time inventory system.
Answers (1)
Home » Business » Matt is planning to buy a house. Before seeking a mortgage loan, he orders a copy of his credit report. Matt can get: a) one copy a year for about $30 b) one free copy a year c) free copies whenever he likes
Sign Up Forgot Password?