10
QuizLong Text

Qualifying for a Home Loan

Question 10 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

List 4 factors a lending institution might use when determining your eligibility for a home loan.

Answer

Answer:

Four factors are income, existing debt and debt-to-income ratio, credit history or credit score, and savings available for the down payment and closing costs.

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