A bank is considering making a loan to Sean Finnigan.Sean owns his own home and has lived there for the past four years.What aspect of evaluating a consumer loan application is this fact most concerned with?

Question

Quizplus · Accepted Answer

The fact that Sean owns his own home and has lived there for the past four years is most concerned with evaluating his employment and residential stability. It shows that he has been at the same residence for a significant amount of time and has been able to maintain a certain level of income stability to afford and maintain a home. This gives the bank confidence in his ability to repay the loan.

A Bank Is Considering Making a Loan to Sean Finnigan