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Assignment #1:
Advertising
Read the
following scenario and answer the question in the comments section below. After
you complete this assignment, you may continue in the course.
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!
Call today!
1-800-DREAM IT
Based on the advertisement that Mary submitted and your
knowledge of the of Oregon Mortgage Law, did Mary violate any prohibited acts?
www.mymortgagetrainer.com
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