12-29"Significant Compensating Factors," After Dual Qualifying Ratios Have Been Computed

question 15

Multiple Choice

12-29."Significant compensating factors," after dual qualifying ratios have been computed in respect to gross income,include:

• A) conservative attitude toward credit
• B) at least 10% investment in the property
• C) renting out use of the property
• D) both a and b

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Definitions:

Young Children

A reference to individuals who are in the early stages of their childhood, typically ranging from infancy to elementary school age.

Spring Tide

A tide just after a new or full moon, when there is the greatest difference between high and low water.

Neap Tide

Lower-than-average high tides and higher-than-average low tides caused when the Sun’s gravity partially offsets the effects of the Moon’s gravity.

High Tide

The maximum height to which water in the ocean rises relative to the land in response to the gravitational pull of the Moon; also refers to the time when such high levels occur.