For which buyer would a lender most likely approve a $200,000 mortgage? a person with a credit score of 800 with a large amount of debt who has recently switched to a lower-paying joba person with a credit score of 760 with a small amount of debt who has had steady employment for many yearsa person with a credit score of 650 with a large amount of available credit who has a low-paying, but steady joba person with a credit score of 600 with a small amount of available credit who has recently switched to a high-paying job

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For which buyer would a lender most likely approve a $200,000 mortgage? a person with a credit score of 800 with a large amount of debt who has recently switched to a lower-paying joba person with a credit score of 760 with a small amount of debt who has had steady employment for many yearsa person with a credit score of 650 with a large amount of available credit who has a low-paying, but steady joba person with a credit score of 600 with a small amount of available credit who has recently switched to a high-paying job

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The correct answer is B). A person with a credit score of 760 with a small amount of debt who has had steady employment for many years.

You use a mortgage when one wants to raise money to buy state property. The other scenario is when property owners want to raise funds taking a lien on the property.

Anyone can borrow money to get additional home financing from three sources: direct lenders, mortgage brokers. Home builders, and real state agencies.