A lender practice that would be an indication of predatory lending would be bundling unneeded life insurance premiums into the mortgage.
<h3>What is predatory lending?</h3>
This is a practice by some lenders where they loan money to people with low credit worthiness with the intention of making back a lot of money from charging those people outrageous interest rates.
When life insurance premiums that are unnecessary are added to the mortgage, it is done to increase the amount that Kristen will pay back. This is therefore predatory lending.
In conclusion, option B is correct.
Find out more on predatory lending at brainly.com/question/1821936.
Answer:
the available options of the question are,
A) investing
B) essential
C) financing
D) operating
E) entertainment
and the correct answer is B) essential.
Explanation:
if you look at this question, you can see clearly that matt lives in an apartment and not in his own place, so if he continues to live their, he must pay. this is because there is an agreement between him and the owner of the apartment and this agreement is valid and can be enforced by the law.
of he does not pay, the owner can get rid of him after giving him a notice within a fair time limit.
because of this, this action can be regarded as an "essential" one. or in other words, a must do for matt to have a roof over his head.
Answer:
Please be clear so I can answer your question. Thank you.
Answer:
$1000
Explanation:
Given the policy coverage = $30000
The amount of deductible = $1000
Total damage of the car when the accident occurred = $6200
Below is the calculation to find the amount that Frank has to pay:
The amount payable by Frank out of pocket = Deductible amount
The amount payable by Frank out of pocket = $1000
Generally, the price of <u>other goods</u> is an important determinant of demand for a product.
<h3>What are the determinants of demand? </h3>
The determining factor for demand level of a product includes changes in income, prices of related goods, consumer expectations, consumer tastes etc.
Therefore, the price of <u>other goods</u> is an important determinant of demand for a product.
Read more about determinants of demand
<em>brainly.com/question/23195830</em>
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