Collateral on a Mortgage Is Normally Only Considered If the Applicant

question 49

True/False

Collateral on a mortgage is normally only considered if the applicant has enough income to service the loan.

---

Definitions:

Pupillary Dilation

The enlargement of the pupil, controlled by the muscular iris, in response to low light conditions or other factors.

Vitamin D

A fat-soluble vitamin essential for maintaining normal calcium metabolism and bone health.

Vestibulocochlear Nerve

Nerve formed by the cochlear and vestibular nerves; extends to the brain.

Hyperopia

A condition, also known as farsightedness, where distant objects can be seen clearly while close ones appear blurry.