Suppose that you are interested in buying a home, but are unsure of how much you can afford. What is the best way to determine your prospects for obtaining a mortgage?
A) Calculate your debt limit ratio.
B) Figure the 28/36 rule.
C) Determine what your mortgage payment will be.
D) Determine what your income taxes will be.
E) Both B and C are correct answers.
Answer: E
You might also like to view...
Video game enthusiasts are an example of a market segment that
A) is difficult to reach by traditional media, but highly involved in social media. B) is easiest to reach through television advertising. C) is most receptive to product placement in films and television programming. D) cannot be accurately measured, either demographically, psychographically or behaviorally. E) make purchase decisions largely based on in-store sales promotion tactics.
Goals can help focus a group in a __________________ direction
a. consistent b. piggyback c. intuitive d. benchmarked