Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a personal borrower has requested a loan to pay fo

A personal borrower has requested a loan to pay for renovations to his home. From...

50.1K

Verified Solution

Question

Finance

A personal borrower has requested a loan to pay for renovations to his home. From the list below, what loan facility is most appropriate in this case?

a.

A temporary overdraft increase.

b.

A personal loan.

c.

A credit card limit increase.

d.

A mortgage loan secured by the borrowers home.

e.

A short-term loan.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Economics
1.2K views

Why are some commentators, economists and politicians talking about “freezing the economy” (meaning trying to keep...

Basic Math
1.2K views

Answer true or false with a sentence or two explanation. 1. In order to construct a...

Accounting
1.2K views

A donor gives the Museum, a nonprofit organization, a diary written by an important U.S. leader....

Biology
1.2K views

1 For RNA transcription the nontemplate strand reads 5 ACTGGTTCA What will be the sequence...

Basic Math
1.2K views

The phone numbers on the Kennesaw State University campus have the form SSS-CVA-OWLS, where S...

Statistics
1.2K views

The most recent NHANES report gives data for an SRS of 654 women aged 20...

Algebra
1.2K views

Let C be the function whose graph is given to the right. This graph represents...

Algebra
1.2K views

8 1 point Square the binomial below x 4 0 0 0 0 x 16...

Algebra
1.2K views

Find an orthogonal matrix A where the first row is a multiple of 1 2...

Accounting
1.2K views

Mercier Manufacturing produces a plastic part in three sequential departments: Extruding, Fabricating, and...

Accounting
1.2K views

Sore Feet Ltd. manufactures only one type of shoe and has two divisions, the Sole...

Finance
1.2K views

OneChicago has just introduced a single-stock futures contract on Brandex stock, a company that currently...