Janet lives in Miami and has low to moderate income. She wants to buy a home in Miami priced at $150,000 but doesn't have enough
savings to put up the 20% down payment on a conventional mortgage. Since she isn't part of a military family, which type of loan should Janet consider
obtaining for her mortgage?
On
adjustable-rate loan
OB. FHA loan
Oc. USDA loan
OD. VA loan
You then have to subtract 125 from both sides so we can isolate our variable which will give us 15x = 120 . Divide 15 from both sides : 15x/15 = 120/15 which will give us x = 8.
