The VA Residual Qualification Method Determines an Applicant's Residual Income

question 8

Multiple Choice

The VA residual qualification method determines an applicant's residual income, then measures that against the applicant's

• A) mortgage payment amount
• B) other shelter expenses
• C) other monthly obligations
• D) VA calculated cost of living expense

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Definitions:

Kahneman and Tversky

Two psychologists renowned for their contributions to the understanding of judgment and decision-making psychology, alongside their work in behavioral economics.

Sure Thing

A situation or outcome that is guaranteed or considered to be a certainty.

Risky Gamble

The act of taking dangerous chances in the hope of achieving a desired result, often with the potential for significant loss.

Hypoactive Bowel Sounds

Reduced or below-normal sounds of bowel activity, indicative of decreased gastrointestinal movement or blockage.