Mary is trying to qualify for a home loan but her lender tells her that her debt-to-income ratio is too high for FHA standards. What can Mary do to qualify for an FHA loan? О Transfer some of her existing debt to one or more credit cards. О Take out an equity line of credit to pay for the down payment. О Pay off one or more of her existing loans, such as a car loan or credit card debt. Decrease her credit score.

Mary is trying to qualify for a home loan but her lender tells her that her debt-to-income ratio is too high for FHA standards. What can Mary do to qualify for an FHA loan? О Transfer some of her existing debt to one or more credit cards. О Take out an equity line of credit to pay for the down payment. О Pay off one or more of her existing loans, such as a car loan or credit card debt. Decrease her credit score.

Foundations of Business - Standalone book (MindTap Course List)

4th Edition

ISBN:9781285193946

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter15: Using Management And Accounting Information

Section: Chapter Questions

Problem 5DQ

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