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Tyler is looking for a job. He is also looking to buy his first home. The loan company denies him. Could this happen? Why or why not?

Sagot :

Answer: Yes, it could happen.

Explanation: Tyler has no job, which means the loan company cannot ensure that he will continually pay the loan. Once Tyler gets a job then he will have some insurance to back up his claim for a loan and will most likely get accepted.