The possible sources of the home loan and the precautions that has to be taken.

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Answer 1

Question

Chapter 9, Problem 1RQ

Summary Introduction

To discuss: The possible sources of the home loan and the precautions that has to be taken.

Expert Solution & Answer

Explanation of Solution

The possible sources of the loans are the savings institutions, financial firms, commercial unions, and credit unions. The other sources of financing are the friends and family members who will be willing to make a loan at an interest rate or higher than the present savings. The loan agreements with the family and friends must be in written and has to be signed by all the parties for avoiding misrepresentation. Individual with high FICO scores may prefer for loans through peer groups.

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Answer 2

Question

Chapter 9, Problem 1RQ

Summary Introduction

To discuss: The possible sources of the home loan and the precautions that has to be taken.

Expert Solution & Answer

Explanation of Solution

The possible sources of the loans are the savings institutions, financial firms, commercial unions, and credit unions. The other sources of financing are the friends and family members who will be willing to make a loan at an interest rate or higher than the present savings. The loan agreements with the family and friends must be in written and has to be signed by all the parties for avoiding misrepresentation. Individual with high FICO scores may prefer for loans through peer groups.

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Answer 3

Question

Chapter 9, Problem 1RQ

Summary Introduction

To discuss: The possible sources of the home loan and the precautions that has to be taken.

Expert Solution & Answer

Explanation of Solution

The possible sources of the loans are the savings institutions, financial firms, commercial unions, and credit unions. The other sources of financing are the friends and family members who will be willing to make a loan at an interest rate or higher than the present savings. The loan agreements with the family and friends must be in written and has to be signed by all the parties for avoiding misrepresentation. Individual with high FICO scores may prefer for loans through peer groups.

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Answer 4

Question

Chapter 9, Problem 1RQ

Summary Introduction

To discuss: The possible sources of the home loan and the precautions that has to be taken.

Expert Solution & Answer

Explanation of Solution

The possible sources of the loans are the savings institutions, financial firms, commercial unions, and credit unions. The other sources of financing are the friends and family members who will be willing to make a loan at an interest rate or higher than the present savings. The loan agreements with the family and friends must be in written and has to be signed by all the parties for avoiding misrepresentation. Individual with high FICO scores may prefer for loans through peer groups.

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Answer 5

Chapter 9, Problem 1RQ

Summary Introduction

To discuss: The possible sources of the home loan and the precautions that has to be taken.

Expert Solution & Answer

Explanation of Solution

The possible sources of the loans are the savings institutions, financial firms, commercial unions, and credit unions. The other sources of financing are the friends and family members who will be willing to make a loan at an interest rate or higher than the present savings. The loan agreements with the family and friends must be in written and has to be signed by all the parties for avoiding misrepresentation. Individual with high FICO scores may prefer for loans through peer groups.

Answer 6

Chapter 9, Problem 1RQ

Summary Introduction

To discuss: The possible sources of the home loan and the precautions that has to be taken.

Expert Solution & Answer

Explanation of Solution

The possible sources of the loans are the savings institutions, financial firms, commercial unions, and credit unions. The other sources of financing are the friends and family members who will be willing to make a loan at an interest rate or higher than the present savings. The loan agreements with the family and friends must be in written and has to be signed by all the parties for avoiding misrepresentation. Individual with high FICO scores may prefer for loans through peer groups.

Answer 7

Chapter 9, Problem 1RQ

Summary Introduction

To discuss: The possible sources of the home loan and the precautions that has to be taken.

Answer 8

Expert Solution & Answer

Explanation of Solution

The possible sources of the loans are the savings institutions, financial firms, commercial unions, and credit unions. The other sources of financing are the friends and family members who will be willing to make a loan at an interest rate or higher than the present savings. The loan agreements with the family and friends must be in written and has to be signed by all the parties for avoiding misrepresentation. Individual with high FICO scores may prefer for loans through peer groups.