In order to be approved for a real estate loan, the lender must approve _____________.

a. The applicant.

b. The subject property.

c. Either the applicant or the property.

d. Both the applicant and property being purchased.

A person who flips properties would want which of the following when purchasing:

a. long term fixed rate of interest

b. interest only payments

c. large down payment requirement

d. restrictions on resale of property