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Author Question: Common practices used by dishonest lenders include all of the following exceptthe lender (Read 55 times)

futuristic

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Common practices used by dishonest lenders include all of the following 
except the lender


◦ prohibiting the borrower from purchasing insurance or other financial services as a condition of the loan.
◦ charging high loan fees which cause financing costs to be much higher than the quoted rates.
◦ requiring that the borrower purchase insurance or other financial services.
◦ requiring a large balloon payment that will necessitate additional financing to pay it off.


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Marked as best answer by futuristic on Apr 14, 2019

nhea

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