Question

Which payment guideline would you follow if you were deciding to get a mortgage?

A. This guideline is issued by a group that makes absolutely no money on selling mortgages. The group only offers advice on ways to spend responsibly - and their services are free.
B. A television ad tells you that you are guaranteed to get a bigger loan if you use this guideline.
C. A person who works at a mortgage company tells you their payment guideline book says you can afford to pay 45% of your gross monthly pay on a mortgage.
D. You find a guide online that says: "Our guideline is approved by mortgage lenders!"

Answer 1

I will follow the mortgage guideline offered by the expert in that field. I will go for option C.

Answer 2

The correct answer for this question is this one:"C. A person who works at a mortgage company tells you their payment guideline book says you can afford to pay 45% of your gross monthly pay on a mortgage."Hope this helps answer your question and have a nice day ahead.