1 Distinguish between the two rules of thumb that lenders use to assess housing affordability 2 What services does a mortgage broker offer 3 What services do real estate agents provide for buyers 4 Why should a buyer be cautious about working with a sellers agent 5 Explain the benefits of having co...

1 The two rules of thumb that lenders use are the frontend ratio and the backend ratio Essentially t ...

1. Distinguish between the two rules of thumb that lenders use to assess housing affordability. 2. What...

Question:

1. Distinguish between the two rules of thumb that lenders use to assess housing affordability.
2. What services does a mortgage offer?
3. What services do real estate agents provide for buyers?
4. Why should a buyer be cautious about working with a seller’s agent?
5. Explain the benefits of having contingency clauses in a home purchase agreement

Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...