Please review the following situation and then answer the question that follows in the Comments Section below.
Mary works for Dream Makers Finance. Mary
is always looking for ways to draw in more business so she starts drumming up
some ideas for a printed advertisement, focusing on trying to draw people in by
focusing on rates. At the time Mary comes up with the advertisement the
rate for a fixed rate mortgage is 3.64% . Mary comes up with the
following advertisement:
DREAM MAKERS LENDING
We will find the home for you that you have only imagined in
your dreams!
Our mortgage loan originators can help get any borrower get
“Immediate Approval!”
FIXED RATES AT 3.5%!
QUALITY CUSTOMER SERVICE!
BAD CREDIT IS A NON-ISSUE!
DREAMY SUCCESS!!
So quit day dreaming about the house you want, and let us make
those dreams a reality!
1-800-DREAM IT
Based on the
advertisement that Mary came up with and your knowledge of the of PA Mortgage
Law, identify at least 2 mistakes that Mary made.
Students should post directly to the Blog! If you have any problems posting your assignment to the Blog (due to firewall issues etc.), you may send your answer directly to the instructor via email at oil@mymortgagetrainer.com
www.mymortgagetrainer.com
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