Mathematics, 26.06.2019 14:00, lanaasad7292

You work for a lending institution and are tasked with whether or not to approve a home loan. all applicants are required to have a 20% down payment, and the standard 28/36 ratio is used the loan application is for $230,000. you see that the applicant has an annual salary of $83,000 and a savings account balance of $50,000. the applicant also has a car payment of $315, a student loan of $140 and a boat loan of $96. how likely are you to approve the loan? a. very likely; recurring debt is considerably less than what is allowed. b. somewhat likely; recurring debt is very close to what is allowed. c. not likely; recurring debt is higher than what is allowed. d. there is not enough information given to determine the answer.

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You work for a lending institution and are tasked with whether or not to approve a home loan. all ap...