Jamal tried to apply for a mortgage. However, he was turned down for the loan because the loan officer noticed that he had made late payments to his credit card and he had not made payments on a loan. What questions should he have asked himself before deciding to buy a home

Answers

Answer 1
Answer:

Answer:

The two questions that he must ask from himself are:

  • Do you have credit report?
  • Do you have good credit score?

Explanation:

The reason is that the banks are giving you money and are worried about whether or not you are going to pay them back or not. So they require some evidences whether the person has any credit report and good credit score which shows that the person will be worried to pay the bank and if he is not able to pay he find alternative as he is a responsible person. So these two questions assesses whether the person is capable to pay the mortgage.

Answer 2
Answer:

Answer:

answer is Do you have a steady income and stable job?

hope it helps!

Explanation:


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Your cash t-account has a beginning debit balance of $5,000. New debits are $500 and new credits are three times new debits. What is the new balance?
A home mortgage is considered a secured loan because it is backed by __________.
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In franchise, having management support from the franchisor is a(n) ________ whereas the coattail effect is considered a __________.

What is transfer by devise?

Answers

Hi There! :)

What is transfer by devise?

The transfer or conveyance of property by will, usually in reference to real property.

One advantage of the lifo method is thatA.) an equal cost is assigned to each unit so net income doesn't fluctuate as much as with other methods
B.) flow of goods and flow of costs are the same
C.) it matches current selling prices and current costs
D.) ending inventory is valued at very old costs

Answers

the answer to the question is c 

The answer to your question is letter C. It matches current selling prices and current costs.

Which of the following is NOT a component of the FITT acronym?a. frequency
b. type
c. fitness
d. time

Answers

Fitness is not a component of the FITT acronym, whereas the other options are. FITT stands for frequency, intensity, time, and type.

the answer is C. fitness

In the podcast, one speaker talks about a "corporate idealist." What is a corporate idealist?

Answers

Corporate Idealist

Meanwhile, successful individuals establish purposes that are often visualizing of a remarkable model version for life. It may also be for the business that is not yet endowed in original characteristics.

In simpler terms, if an individual chooses to drop a few pounds, though this individual has contributed the genuine part of the previous year exploring and tasting street food. However, this schedule does not make a difference during the foreseeable futurity and the analysis target is continuing to be challenging to achieve.

The key is viewing the aiming point like a SWOT analysis and targeting to achieve that aiming point regardless of the challenging obstacle coming between the target.  Hence in the podcast, one of the speakers talks about a corporate idealist which means endeavoring and being optimistic toward achieving purposes in professional life along with overwhelming with obstacles occurring in between to accomplish the intentions.  

With a ________ tax, the tax rate decreases as income increases. A.)direct
B.)progressive
C.)proportional
D.)regressive

Answers

This is called a regressive tax, so the answer is D. The opposite of this is the progressive tax, proportional has a flat rate and direct tax is a different term. 

A local store estimates its typical customer's inverse demand is P=6.07−2.1Q, and it knows the marginal cost of each rental is $0.64. How much will they sell to each customer it engages in optimal two-part pricing? (use decimals) Answer:

Answers

To find the optimal quantity to sell to each customer in a two-part pricing strategy, we need to calculate the quantity at which marginal cost equals the marginal revenue. In this case, the marginal cost is given as $0.64 and the inverse demand equation is \(P = 6.07 - 2.1Q\).

Marginal cost (\(MC\)) equals marginal revenue (\(MR\)) when the quantity (\(Q\)) sold to each customer is such that \(MC = MR\).

Given that \(MC = 0.64\), we need to solve for \(Q\) when \(MR = P\):

\[MR = P\]
\[MR = 6.07 - 2.1Q\]

Set \(MC\) equal to \(MR\):

\[0.64 = 6.07 - 2.1Q\]

Now, solve for \(Q\):

\[2.1Q = 6.07 - 0.64\]
\[Q = \frac{6.07 - 0.64}{2.1}\]

Calculate the value of \(Q\) to find the optimal quantity to sell to each customer:

\[Q \approx 2.559\]

So, the store will sell approximately 2.559 units to each customer in optimal two-part pricing.

Final answer:

The store will sell approximately 2.586 units to each customer it engages in optimal two-part pricing.

Explanation:

To determine the optimal quantity to sell to each customer using two-part pricing, we need to maximize the store's profit. The profit can be calculated as the difference between the total revenue and the total cost.

The total revenue is given by the product of the price (P) and the quantity sold (Q):

Total Revenue = P * Q

The total cost is the sum of the fixed cost (the fixed fee) and the variable cost (the variable fee based on the quantity sold). In this case, the fixed cost is not given, so we can assume it to be zero.

The variable cost is the product of the marginal cost per rental and the quantity sold:

Variable Cost = Marginal Cost * Q

To maximize profit, we need to find the quantity that maximizes the difference between total revenue and total cost.

Let's differentiate the profit function with respect to Q and set it equal to zero to find the critical point:

d(Profit)/dQ = d(Total Revenue)/dQ - d(Total Cost)/dQ = 0

Since the fixed cost is assumed to be zero, the derivative of the total cost with respect to Q is equal to the derivative of the variable cost with respect to Q, which is the marginal cost:

d(Total Cost)/dQ = Marginal Cost

Now, let's differentiate the total revenue function with respect to Q:

d(Total Revenue)/dQ = d(P * Q)/dQ = P

Setting the derivative of profit equal to zero:

P - Marginal Cost = 0

Substituting the given values:

6.07 - 2.1Q - 0.64 = 0

Simplifying the equation:

5.43 - 2.1Q = 0

Subtracting 5.43 from both sides:

-2.1Q = -5.43

Dividing both sides by -2.1:

Q = 2.586

Therefore, the optimal quantity to sell to each customer using optimal two-part pricing is approximately 2.586.

Learn more about optimal two-part pricing here:

brainly.com/question/17464264

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