Question

In analyzing whether or not to approve a mortgage loan application, the lender will consider all but which of the following?

Option 1: Credit score
Option 2: Employment history
Option 3: Favorite color
Option 4: Debt-to-income ratio

Answer 1

The lender will consider the borrower's credit score, employment history, and debt-to-income ratio when analyzing a mortgage loan application. The borrower's favorite color is not a factor in the decision.

Step-by-step explanation:

The lender will consider the following factors when analyzing whether or not to approve a mortgage loan application:

1. Credit score: Lenders will review the borrower's credit score to assess their creditworthiness.
2. Employment history: The borrower's employment history is evaluated to determine their ability to make mortgage payments.
3. Debt-to-income ratio: Lenders will examine the borrower's debt-to-income ratio to assess their ability to manage their debts and make mortgage payments.

However, the lender will not consider the borrower's favorite color when making the decision.