Regardless of What a Potential Borrower Thinks He or She

question 59

Essay

Regardless of what a potential borrower thinks he or she can afford,banks and other lenders impose a maximum amount that they will lend to a borrower based on the person's income and current debt levels.According the Keown book,what three factors do lenders look at when evaluating a potential borrower?

---

Definitions:

Similar Information

Data or content that bears resemblance or relates closely to another set of data or content, often used in comparison or analysis contexts.

Clip Content Placeholder

A designated area in presentation or design software where users can insert media clips, such as images or videos, often marked with a symbol or outline.

Inserted

The act of adding or incorporating an element such as text, images, or data into a document or file.

Document Properties

Metadata about a document that includes information like author, title, and creation date.