You've made the decision to purchase an aspects of the loans that you should exa about a specific loan proposal before accepti e only with a loan. When shopping for a loan, there are the following questions should be asked and answered Select all that apply. nder's offe u Does the loan have a prepayment penalty? What late payment charges, if any, can be accessed, and when? If I accept the loan, what is my new debt safety ratio? Do the loan's monthly payments fit in my budget Where is the lending institution located? You're Shopping for a big loan, but you have misgivings about John, the loan officer, at an institution you just visited. Wattare some reasons that may have you uneasy about accepting a loan there? Check all that apply. John went over the fine print, such as late payment charges and prepayment provisions. John discussed options for taking out a smaller loan, such as selling current assets to raise a bigger down payment pon pointed out that the APR and Interest rate were different u Dohn told you that the interest rate is the only important fee to worry about and that discussing the APR is an unnecessary complication. w ohin gave you a range of terms and said they'll be worked out at dosing our parents may be able to help you with the down payment, but John told you to assume they will and to enter a down payment on the application including their contribution. on sad that his loan was most likely the only one would be able to obtain ( When you led out the loan application, Pohn told you to leave out the smaller amounts you owe to department stores:// Jul yave you a range of terms and said they'll be worked out at closing. Your parents may be able to help you with the down payment, but John told you to assume they will and to enter a down payment on the application including their contribution. John said that his loan was most likely the only one you'd be able to obtain. When you milled out the loan application, John told you to leave out the smaller amounts you owe to department stores. What are characteristics of your reasons for feeling uneasy about John the loan officer? Check al that apply. The way the loan officer omitted pertinent information Feeling under pressure to make a decision The loan officer's embellishment of the facts Your friend suggested you look into a variable-rate loan. What questions should you ask? Check all that apply. What is the interest rate tied to? Is there a maximum rate? Can I afford the maximum possible monthly payment? What changes after a rate adjustment-the monthly payment amount or the number of monthly payments left on the loan? Gwen the long list of relevant loan-related considerations described above, the paradox of choice often arises when attempong to make borrowing decisions. Which of the following phrases addresses the characteristics and recommended solutions for this phenomenon? Check all that apply. Ases when there are too many complicated choices, such you can become overwhelmed and make poor decisions B233B 0833 Keep it simple and select the easiest or least expensive alternative Prepare a list of possible alternatives and make a random selection Identify your goals and a framework for evaluating any trade-offs that must be made when making your decision