Final answer:
A person registered to handle mortgage loans for others is known as a mortgage broker or loan officer. They help borrowers navigate through income verification and credit checks, and in some cases, arrange for a cosigner. The advantage of borrowing and lending heavily depends on the relationship between mortgage interest rates and inflation rates for each year.
Step-by-step explanation:
A person who is registered to solicit, process, place, or negotiate mortgage loans for others is typically referred to as a mortgage broker or loan officer. This professional acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. In the financial capital market, securing a mortgage requires potential borrowers to provide income information and undergo a credit check. Some cases may also necessitate the addition of a cosigner, which is another person or entity legally agreeing to repay some or all of the loan if the original borrower defaults.
When considering the dynamics of mortgage loans, analyzing interest rates relative to inflation rates is critical. For a borrower, periods with mortgage interest rates lower than inflation rates would be more advantageous, as the real cost of borrowing might be lower. Conversely, for a bank, higher interest rates compared to inflation would be more favorable as they could lead to greater profits. Each year must be assessed individually based on the data provided in the table outlining the mortgage interest rates and inflation rates.