When Mr. and Mrs. Larsen had to replace the roof on their house, they were afraid of ending up
with a loan that they eventually would not be able to pay. They spent a long time doing research
and comparing established lenders. They made sure they understood all of the terms and
conditions of the loans they were looking at, and calculated their budget to make sure their loan
payments would fit.
Which of the methods of guarding against predatory lending practices did they use?
Select ALL that apply and then click the Submit button.
a. Dealt with reputable loan providers.
B. Shopped around.
C. Read and understood all terms and conditions.
D. Ensured they could afford all payments.