Question

Kendrick is planning to buy a house. Which explains why he should establish a positive credit history before buying the house? He will get the house for a lower price. It will be easier for him to get a loan to buy the house. He will be able to get a higher interest rate when buying the house. He will be able to find a house he likes more quickly.

Answer 1

The correct answer is It will be easier for him to get a loan to buy the house

When you want to buy something as big using a loan from a bank, the bank checks out your credit history and if it's positive then they know that you are a reliable customer and that you would probably pay your payments on time. If your credit history is negative, they will probably reject your application for a loan.

Answer 2

The correct answer is It will be easier for him to get a loan to buy the house

When you want to buy something as big using a loan from a bank, the bank checks out your credit history and if it's positive then they know that you are a reliable customer and that you would probably pay your payments on time. If your credit history is negative, they will probably reject your application for a loan.