You've made the decision to purchase an item that is affordable only with a loan. When shopping for a loan, there are many aspects of the loans that you should examine. Which of the following questions should be asked and answered about a specific loan proposal before accepting a lender's offer? Check all that apply. What late payment charges, if any, can be accessed, and when? Does the loan have a prepayment penalty? Is the loan collateralized? If I accept the loan, what is my new debt safety ratio? Does the loan's payment date fit my budget? You're shopping for a big loan, but you have misgivings about Nick, the loan officer, at an institution you just visited. What are some reasons that may have you uneasy about accepting a loan there? Check all that apply. Nick pointed out that the APR and interest rate were different. Nick spent most of the time emphasizing benefits of loans with balloon payments and interest-only payments. Your parents may be able to help you with the down payment, but Nick told you to assume they will and to enter a down payment on application including their contribution. Nick said that today is the only day you can secure the loan with favorable terms. Nick went over the fine print, such as late payment charges and prepayment provisions. Nick said that his loan was most likely the only one you'd be able to obtain. Nick discussed options for taking out a smaller loan, such as selling current assets to raise a bigger down payment. When you filled out the application, Nick said if you weren't sure about something on it, you could take the application home and complete it when you had the correct answers. You've made the decision to purchase an item that is affordable only with a loan. When shopping for a loan, there are many aspects of the loans that you should examine. Which of the following questions should be asked and answered about a specific loan proposal before accepting a lender's offer? Check all that apply. What late payment charges, if any, can be accessed, and when? Does the loan have a prepayment penalty? Is the loan collateralized? If I accept the loan, what is my new debt safety ratio? Does the loan's payment date fit my budget? You're shopping for a big loan, but you have misgivings about Nick, the loan officer, at an institution you just visited. What are some reasons that may have you uneasy about accepting a loan there? Check all that apply. Nick pointed out that the APR and interest rate were different. Nick spent most of the time emphasizing benefits of loans with balloon payments and interest-only payments. Your parents may be able to help you with the down payment, but Nick told you to assume they will and to enter a down payment on application including their contribution. Nick said that today is the only day you can secure the loan with favorable terms. Nick went over the fine print, such as late payment charges and prepayment provisions. Nick said that his loan was most likely the only one you'd be able to obtain. Nick discussed options for taking out a smaller loan, such as selling current assets to raise a bigger down payment. When you filled out the application, Nick said if you weren't sure about something on it, you could take the application home and complete it when you had the correct answers