Answered

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Which of the following are predatory lending practices?
Choose only ONE best answer.
A. Knowingly lending to people who can't afford the loan
B. Falsifying loan applications
C. Charging high interest rates
D. Balloon Payments
E. High upfront fees

Sagot :

hunterxstreme243

Answer:

Equity Stripping

The lender makes a loan based upon the equity in your home, whether or not you can make the payments. If you cannot make payments, you could lose your home through foreclosures

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