Question

Which of the following would have a negative impact on determining eligibility for a home loan? a. earning extra income b. moving into a different apartment c. paying off credit card debt d. withdrawing money from savings

Answer 1

solution:  option D is correct i.e., withdrawing money from savings.

explanation:

if someone is taking home loan then he has to pay it back also. but if he is withdrawing money from savings then he will don't have money to return in future. so he should save as much as he can.

so withdrawing money from savings would have a negative impact on determining eligibility for a home loan.