Question

You work for a lender that requires a 15% 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
$95,000
$107,000
$120,000
$128,000
income
$46,000
$53,000
$58,000
$60,000
savings
$20,000
$13,910
$18,000
$19,200
recurring debt
$310
$198
$265
$400

a.
Person A
b.
Person B
c.
Person C
d.
Person D

Answer 1

The answer to this would be b

Answer 2

Answer: The answer is C. Person C

Step-by-step explanation: