Question

Name 3 financial products that will best benefit a young couple who has $500,000.00 in need...

Name 3 financial products that will best benefit a young couple who has $500,000.00 in need of loans (mortgage loans, car loans, credit cards ) and why?

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Mortgage Loan - It is type of loan in which Certain asset of the borrower is kept as the security with the lender. In mortgage loan Interest Rates are very low as compared to Car loan and credit cards. It will be useful in big Financial Uses e.g House Purchasing or any other big invesment.

Car Laon - As the name specifies it is the purpose for purchasing Vehicle. Interest rates are high in car loan as compared to mortage loan. as the couple is starting their new life the require Car as daily transport service.

Credit cards - Credit cards are electronic cards provided by banks to the customer as short term loan as to complete purchase at Point of sale. It is used while Purchasing household items and other daily need items.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
You work in a "planning" clinic and follow a young couple who are planning to have...
You work in a "planning" clinic and follow a young couple who are planning to have a first child soon. Unfortunately the couple experiences some difficulties: Your interventions have borne fruit. The woman finally got pregnant and the pregnancy went well. However, the delivery was very difficult and ended in a emergency cesarean section. Although the child and the mother are now in good health health, you need to find out what restricted the baby's expulsion from the uterus. Here...
Discount-store shoppers may soon get an unexpected benefit: better odds when applying for personal loans from...
Discount-store shoppers may soon get an unexpected benefit: better odds when applying for personal loans from Discover Financial Services. Discover, best known for its credit cards, plans to use artificial intelligence to assess hundreds of unusual characteristics about personal-loan applicants in an attempt to get its rising losses under control. A history of discount-store shopping, for example, will boost an applicant's chances of getting a personal loan, according to people familiar with the matter, while writing the full legal name...
Personal Financial Plan for “Jack and Jill” Jack and Jill are married and a middle-aged couple....
Personal Financial Plan for “Jack and Jill” Jack and Jill are married and a middle-aged couple. In order to achieve their goals, they hope to retire and must, therefore, ensure they have enough savings to cater for their needs in their golden days. As a married couple, they have made several investments and are not sure whether their insurance coverage is adequate. They are not sure whether they have enough financial resources to last them for the rest of their...
Royal Financial Services (RFS) provides front end loan origination services for a number of banks who...
Royal Financial Services (RFS) provides front end loan origination services for a number of banks who process and maintain loan portfolios. RFS accepts applications from customers and processes them through closing of the loan agreement before turning the loan over to customer banks. RFS is paid regardless of whether the loan closes or not. RFS currently services three types of loans - residential mortgages, auto loans, and personal unsecured loans. RFS has no cost accounting system so total operating expenses...
Royal Financial Services (RFS) provides front end loan origination services for a number of banks who...
Royal Financial Services (RFS) provides front end loan origination services for a number of banks who process and maintain loan portfolios. RFS accepts applications from customers and processes them through closing of the loan agreement before turning the loan over to customer banks. RFS is paid regardless of whether the loan closes or not. RFS currently services three types of loans - residential mortgages, auto loans, and personal unsecured loans. RFS has no cost accounting system so total operating expenses...
*Use Canadian CONTRACT LAW to answer this question please. Lois is a young businesswoman who has...
*Use Canadian CONTRACT LAW to answer this question please. Lois is a young businesswoman who has recently graduated from a College. She decided to start a business which organizes online conferences for administrative professionals, seeing an opportunity in the market. Lois approaches Lex Luther Lending Corporation ("Lex") about a loan to obtain capital to start her business. Lex is impressed by her business plan, but given her inexperience and lack of collateral, is only willing to lend Lois the $50,000...
An 84 - year - old patient who is nearly blind has been bedridden since she...
An 84 - year - old patient who is nearly blind has been bedridden since she had a stroke 2 years ago . She lives with her 88 - year - old husband , who is very hard of hearing . Their two children live out of state . Various nieces and nephews look in on the patient and her husband , but the husband insists he can look after his wife himself , and the patient wants only her...
Learning Objectives: Identify taxable or nontaxable income, calculate taxable income, identify tax planning strategies Background: Sam...
Learning Objectives: Identify taxable or nontaxable income, calculate taxable income, identify tax planning strategies Background: Sam and Ricci are a happily married young couple. They work hard and save diligently. Here comes the tax season and they plan on filing their joined tax report. They hope they can get some tax refund. They would also like to find out ways to save their tax payments in the future, so that they can raise children and prepare for their education fund....
PLEASE ANSWER C!!! Bob & Betty Homebuyers want to make an offer on this property at...
PLEASE ANSWER C!!! Bob & Betty Homebuyers want to make an offer on this property at the list price. Bob earns $48,000 per year and Betty earns $54,000 per year. They have very good credit. Their monthly payments are $200 for student loans, $350 for their car payment and minimum credit card payment of $50. They have savings of $125,000. The balance of their student loans is $40,000. Insurance on this house will cost them $900 per year. Property taxes...
Indicate the answer choice that best completes the statement or answers the question. 1. ​The _____...
Indicate the answer choice that best completes the statement or answers the question. 1. ​The _____ environment of your country affects the interest rates you pay on your mortgage and credit cards as well as those you earn on savings accounts and bonds. a. ​economic b. ​political c. ​technological d. ​social e. ​legal 2. An economy will usually go into a(n) _____ after a peak.​ a. ​convolution b. ​expansion c. ​contraction d. ​recovery e. ​prosperity Enter the appropriate word(s) to...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT