Neal and his wife, Cynthia, both work and have a combined gross income of $90000 per year. They estimate the property taxes on their condo will be $1300 and insurance would be about $1050 per year. Neal takes the bus to work, but Cynthia has a car payment of $225 per month, and they are both still paying off student loans for a combined total of $260 per month. Use this information to answer the questions below.

answer: c

(2, -4)

goes 7 to the

(9, 4)

easy

●yes, this statement is absolutely apt.

hope this you

explanation:

the loan estimate encourages consumers to shop. since it is the lenders who are required to issue a standardized loan estimate in a specific time frame, this way consumers are provided an opportunity to compare lenders and their products. otherwise consumer wouldn't know the benefits offered by other lenders.  

if a loan originator does not provide a loan estimate within 3 business days of receiving a completed loan application, that lender is in violation. lenders are required to issue a loan estimate within 3 days of applying for a loan or within 7 days prior to closing. having a loan estimate has following information.

not having loan estimate won't give you an idea of money to be borrowed.

you get to know your interest rates.

you also get to know if your interest rate can or may vary.

not having a good faith estimate can keep you unaware of aforementioned points.