Business, 13.11.2019 02:31 AliTop232

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in the course of their lives, people occasionally want to make a major purchase. cars and houses are common examples. some people want to buy a boat, land, or a business. in each case, a large amount of money is needed. the price often exceeds what the buyers currently have in their bank accounts. in such instances, money must be borrowed to complete the transaction. this is a common occurrence in the financial world, but taking out a loan involves a process. borrowers must fill out an application and provide different pieces of information that lenders will evaluate before approving the loan.

consult internet or library resources to review the components of a loan application package. take note of the different types of information (e. g., income, assets, outstanding debts) that prospective borrowers must provide to lenders. use the information you find to write a brochure or flyer for a fictional bank or lending institution at which you work. pretend that your brochure/flyer will be given to customers to explain your institution’s loan application package.

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in the course of their lives, people occasionally want to make a major purchase....

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