Why Is It Easier for Homeowners to Qualify to Purchase

question 21

Multiple Choice

Why is it easier for homeowners to qualify to purchase a larger house with an adjustable rate mortgage?

• A)Because lenders tend to look at total interest costs in relation to household income in the first year of the loan.
• B)Because lenders tend to look at total interest costs in relation to household expenses in the first year of the loan.
• C)Because lenders tend to look at total interest costs in relation to household income in the first five years of the loan.
• D)Because lenders tend to look at total interest costs in relation to household expenses in the first five years of the loan.
• E)None of the above.

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Capable of being seen or noticed, often referring to objects, behaviors, or phenomena that can be detected through the senses.

Thorough Debriefing

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