Question

what are the terms of credit are the same for every borrower​

Answer 1

❤Hola❤

ɪɴᴛᴇʀᴇsᴛ ʀᴀᴛᴇs:

ᴡʜɪʟᴇ ʙᴏʀʀᴏᴡɪɴɢ ᴏʀ ʟᴇɴᴅɪɴɢ ʟᴏᴀɴs, ʀᴀᴛᴇ ᴏғ ɪɴᴛᴇʀᴇsᴛ ɪs ᴅᴇᴄɪᴅᴇᴅ ʙʏ ʙᴏᴛʜ ᴛʜᴇ ᴘᴀʀᴛɪᴇs ᴀɴᴅ ɪs sᴘᴇᴄɪғɪᴇᴅ ɪɴ ᴛʜᴇ ᴅᴏᴄᴜᴍᴇɴᴛ.

ᴄᴏʟʟᴀᴛᴇʀᴀʟ:

ɪᴛ ɪs ᴀɴ ᴀssᴇᴛ ᴛʜᴀᴛ ᴛʜᴇ ʙᴏʀʀᴏᴡᴇʀ ᴏᴡɴs ʟɪᴋᴇ ʜᴏᴜsᴇ, sʜᴏᴘ, ʟᴀɴᴅ ᴇᴛᴄ. ɪᴛ ɪs ᴀɢᴀɪɴsᴛ sᴜᴄʜ ᴀssᴇᴛs ᴀs ᴀ ɢᴜᴀʀᴀɴᴛᴇᴇ ᴛʜᴀᴛ ʟᴏᴀɴ ɪs ɢɪᴠᴇɴ ᴛᴏ ᴛʜᴇ ʙᴏʀʀᴏᴡᴇʀ.

ᴅᴏᴄᴜᴍᴇɴᴛᴀᴛɪᴏɴ ʀᴇϙᴜɪʀᴇᴅ:

ᴛʜᴇ ʙᴏʀʀᴏᴡᴇʀ ʙᴇғᴏʀᴇ ʟᴇɴᴅɪɴɢ ᴍᴏɴᴇʏ ᴄʜᴇᴄᴋ ᴀʟʟ ᴛʜᴇ ᴅᴏᴄᴜᴍᴇɴᴛs ʀᴇʟᴀᴛᴇᴅ ᴛᴏ ᴛʜᴇ ᴇᴍᴘʟᴏʏᴍᴇɴᴛ ʀᴇᴄᴏʀᴅ ᴀɴᴅ ɪɴᴄᴏᴍᴇ ᴛʜᴀᴛ ɪs ᴇᴀʀɴᴇᴅ ʙʏ ᴛʜᴇ ʙᴏʀʀᴏᴡᴇʀ.

ᴍᴏᴅᴇ ᴏғ ʀᴇᴘᴀʏᴍᴇɴᴛ:

ɪᴛ ɪs ʀᴇʟᴀᴛᴇᴅ ᴛᴏ ᴛʜᴇ ᴡᴀʏs ᴀɴᴅ ᴅᴜʀᴀᴛɪᴏɴ ɪɴ ᴡʜɪᴄʜ ᴛʜᴇ ʟᴏᴀɴ ᴄᴀɴ ʙᴇ ʀᴇᴘᴀɪᴅ ʙʏ ᴛʜᴇ ʙᴏʀʀᴏᴡᴇʀ. ʟᴏɴɢ ᴛᴇʀᴍ ʟᴏᴀɴs ᴄᴀɴ ʙᴇ ʀᴇᴘᴀɪᴅ ɪɴ ᴀɴɴᴜᴀʟ, sɪx ᴍᴏɴᴛʜʟʏ ᴏʀ ᴍᴏɴᴛʜʟʏ ɪɴsᴛᴀʟʟᴍᴇɴᴛs