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Which document represents the borrowers promise to repay the loan?
Wiki User
∙ 8y ago
Mortgage
Tamara Small
Anonymous
note
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What percentage of borrowers are unable to repay their payday loans?
15%
What is targeted to borrowers with low credit scores high debt to income ratios or signs of a reduced ability to repay the money they borrow?
A _____ is targeted to borrowers with low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the money they borrow
What is a lien on the property that secures a promise to repay the loan?
Mortgage
What is a lien on the property that secures the promise to repay a loan?
Mortgage
What is a lien on a property that secures the promise to repay the loan?
Mortgage
What is a written promise to repay?
A written promise to repay is called a promissory note. It is a legal document where one party (the borrower) agrees to repay a specific amount of money to another party (the lender) according to agreed-upon terms and conditions.
What percentage of borrowers are unable to repay their payday loans?
15%
What does a credit for a bank do?
It is an agreement between banks and borrowers where banks make loans to borrowers. By extending credit, a bank essentially trusts borrowers to repay the principal balance as well as interest at a later date.
What is an unsecured promissory note?
A promissory note is a document where you agree or promise to repay a certain amount of money to someone. If it is unsecured, it means that nothing was put up as collateral to back up your promise [such as a house, a car, stocks, etc. ].
Is targeted to borrowers with low credit scores high debt to income ratios or signs of a reduced ability to repay money they borrow?
A _____ is targeted to borrowers with low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the money they borrow
What is targeted to borrowers with low credit scores high debt to income ratios or signs of a reduced ability to repay the money they borrow?
A _____ is targeted to borrowers with low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the money they borrow
After the crash some banks failed because?
borrowers could not repay their loans... complements of THE DENNIS JONES
Which of these is a lien on the property that secures the promise to repay a loan?
mortgage
What is a lien on the property that secures a promise to repay the loan?
Mortgage
What is a lien on the property that secures the promise to repay a loan?
Mortgage
What is a lien on a property that secures the promise to repay the loan?
Mortgage
Receiving money to buy goods and services with the promise to repay in the future?
Credit
