87
QuizMultiple Choice

Topic Test

Question 87 • ****Spring 2026 Financial Math - MA2007 MQS21QXV

Which of the following would least likely have a negative impact on determining eligibility for a home loan?

Answer
A
increasing a credit card limit
B
losing money in investments
C
making late car payments
D
taking a new job with higher pay

Explanation

A higher-paying job can improve your ability to make mortgage payments and may strengthen your debt-to-income ratio, so it is least likely to hurt loan eligibility. Losing investment money can reduce your assets, and late car payments can damage your credit history. Increasing a credit limit can also affect credit use or lead to more debt, so it is less clearly favorable than earning more.

AI-written and checked against the verified answer.

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