Hire an expert

Got a question? Ask 300+ experts!

Biology Algebra Calculus English Grammar Literature Math Physics Psychology More Subjects →

Chemistry Economics Geography History Law Philosophy Politology Programming Uncategorized

QA › Economics › Which two of these should you do if your lender rejects your loan application?

Which two of these should you do if your lender rejects your loan application?

A. Ask your home inspector why.

B. Ask your lender why.

C. File a dispute with the fair credit agency.

D. Shop for a different lender or type of mortgage.

Answer: B. Ask your lender why. and D. Shop for a different lender or type of mortgage.

If your loan application is denied, the first step is to determine the reasons for the denial. One way of doing this is by asking questions. Ask your lender why exactly your loan request was denied and just how long you would need to wait before applying again.

Finding why your loan application was denied is very important before applying for another loan. Generally, lenders are always ready to give you an explanation and certain disclosures. If your lender declines your loan request and you feel another lender will do or you meet the requirements of another lender, applying for another loan with another lender is a good step.

Economics

3 years ago

429 Views

Math Calculus — AID—

Total time spent: 4 hours 15 minutes (it is equivalent to 255 minutes). Let the flight time from Paris to Glasgow be X. Then the flight time from Glasgow to Paris will be (X+10). We have an equation with one unknown variable: X + 45 + (X+10) = 255 ⇒ X = 100 So the […]

What were the typical crafts for Maya?

Mayans are well-known as great pottery makers. They did not use the pottery wheel. However,the tecnique they used was coiling consecutive rings of clay on top of each other and smoothing the surface by hand. Also, they were good when it came to working with stone – stone craving is another important craft of Maya. Many […]

What defines a free market?

The efficient working of a free market economy requires that the producer firms must have incentives to work hard and produce goods and services at the lowest possible cost per unit of output Market economies provide incentives to the firms and individuals by recognising and enforcing the property rights of the individuals and firms to […]

How does 3D printing work?

There are three different ways 3D printers work but they all rely on the printer converting a design into individual 2D slices which are then combined to make the final 3D object. The first method uses a pool of chemicals that turns solid when light, typically a UV laser, is shone on to it. The […]

Cigarette smoking causes emphysema.

Nearly everyone knows that smoking causes lung cancer, but did you know that smoking causes a number of other serious lung diseases? These include chronic bronchitis and emphysema, collectively known as chronic obstructive pulmonary disease (COPD). COPD is the fourth largest killer of Australians and smoking is the most important risk factor for COPD. When […]