Ask Question
BusinessBusiness
28 March, 11:49

MTH Bank has given the McKelvey's a written pledge to lend $250,000 on a new construction home, for 30 years, at 6.53%. The McKelvey's will now present this pledge to the subdivision's sales agent to continue with their new home's construction. Which loan definition applies?

A. Conditional Approval

B. Underwriting

C. Exculpatory Clause

D. Non-Recourse Clause

+3
Answers (1)
  1. 28 March, 13:44
    0
    Answer:Conditional approval

    Explanation:This is a loan that has been approved but there are still conditions which are still pending that need to be met such as some outstanding documents or other conditions such as in this case they still need to take this pledge to the subdivision sales agent.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “MTH Bank has given the McKelvey's a written pledge to lend $250,000 on a new construction home, for 30 years, at 6.53%. The McKelvey's will ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The money multiplier: question 20 options: a. is equal to the reserve requirement. b. demonstrates that small changes in reserves have a negligible impact on the total money supply. c.
Answers (1)
In 2011, a major earthquake and tsunami in Japan destroyed significant physical capital, including roads, homes, factories, and bridges.
Answers (1)
Explain the difference between objectives and goals, and give examples of each.
Answers (1)
After falling form a peak of 138.1 million in january 2008 to a trough of 129.9 million in september 2010, employment in the u. s. economy:
Answers (1)
The payment of a cash dividend would be classified as a (n): a. operating activity. b. investing activity. c. financing activity. d. significant noncash activity.
Answers (1)
New Questions in Business
Continuous quality improvement depends heavily upon: Select one: a. hard work b. monitoring special causes of variance c. use of checklists d. employment of the PDCA cycle
Answers (1)
The difficulty in cost-benefit analysis is that the benefits are usually evident and easily measurable, while the costs are not always evident or measurable. A) True B) False
Answers (1)
What's the difference between price skimming and price penetration strategies?
Answers (1)
The grocery store has bulk pecans on sale, which is great since you're planning on making 8 pecan pies for a wedding. How many pounds of pecans should you buy?
Answers (2)
If a country imposes a tariff on imported shoes, we expect the domestic price of shoes to ... And the quantity of shoes consumed in the domestic market to ... a.) Fall; rise b.) Fall; fall c.) Rise; fall d.) Rise; rise
Answers (1)
Home » Business » MTH Bank has given the McKelvey's a written pledge to lend $250,000 on a new construction home, for 30 years, at 6.53%. The McKelvey's will now present this pledge to the subdivision's sales agent to continue with their new home's construction.
Sign Up Forgot Password?