Geoffrey Does Not Qualify for a Standard Mortgage

question 60

Multiple Choice

Geoffrey does not qualify for a standard mortgage.He can apply for

• A)a balloon mortgage.
• B)an interest-only mortgage.
• C)a subprime mortgage.
• D)a construction loan.

---

Definitions:

Principle Parts

The essential components or sections of a mechanism or system that are critical to its functioning.

Atom

The smallest constituent unit of ordinary matter that constitutes a chemical element.

No Charge

A state or condition where an object does not have a net electrical charge, meaning it has an equal number of protons and electrons.

Neutron

One of the principal parts of an atom. The neutron has no charge and is part of the nucleus.