Mortgages Quizzes-A prospective borrower who is denied - E-PersonalFinance
    • Answer to Quiz
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    A prospective borrower who is denied a mortgage loan has a legal right to find out why.
    Answer: (a), true
    A borrower can request of a lender as to why he was denied a loan, and the lender is required by law to report within 60 days with the reasons why the loan application was denied.


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  • Word of the Day
    Word of the Day

    Delinquency

    "Delinquency" is a term used for failure by a borrower or debtor to make payment on a...

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