Good Guy received his home loan for $200,000. Determine which of the following was the mortgage company's most important reason for giving him his loan.

A. the neighborhood in which the home is located.

B. budget plan of how the payments will be made.

C. the total value of current assets and all income.

D. the referral from other clients of the company.

Question

History

Alfonso Noble

8 October, 21:50

Good Guy received his home loan for $200,000. Determine which of the following was the mortgage company's most important reason for giving him his loan.

A. the neighborhood in which the home is located.

B. budget plan of how the payments will be made.

C. the total value of current assets and all income.

D. the referral from other clients of the company.

+3

Answers (1)

Know the Answer?

Kelly Mckee · Answer 1

The most important factor that a loaning company considers in order to determine who among their potential loaners or debtors should be granted the loan, is his or her capability to pay. With the choices presented above, the answer should be letter C.