Which of the Following Would Be Most Important to a Lender

question 72

Multiple Choice

Which of the following would be most important to a lender qualifying an individual for a residential mortgage loan?

• A) Borrower's regular income
• B) Overtime income
• C) Spouse's part-time income
• D) Pest and dry rot report

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Definitions:

Personal Needs

Basic or individual requirements necessary for maintaining physical and emotional well-being.

Quality of Relationships

The degree of satisfaction, emotional connection, and positive dynamics shared between individuals in a relationship.

Self-Esteem

An individual's subjective evaluation of their own worth, encompassing beliefs about oneself as well as emotional states.

Basic Confidence

A fundamental sense of trust in oneself and the world, essential for healthy psychological development.