43
QuizMultiple Choice

Home Ownership — Cumulative exam

Question 43 • Financial Math - MA2007

You work for a lender that requires a 20% down payment and uses the standard debt-to-income ratio to determine a person’s eligibility for a home loan. Of the following, choose the person that you would rate the highest on their eligibility for a home loan. Person A Person B Person C Person D home value $175,000 $200,000 $220,000 $250,000 income $51,000 $58,000 $63,000 $67,000 savings $35,000 $40,000 $42,000 $50,000 recurring debt $350 $250 $200 $450 a. Person A b. Person B c. Person C d. Person D Please select the best answer from the choices provided

Answer
A
A
B
B
C
C
D
D
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