Finance
When a lender 'qualifies' a borrower for a mortgage, they are assessing the borrower's:
APersonality and neighborhood preference
BAbility to repay based on income, debts, credit history, and assets✓ Correct
CWillingness to accept the lender's required title insurance company
DPreference for fixed vs. adjustable rate loans
Explanation
Lender qualification (underwriting) involves analyzing the borrower's income, debt ratios, credit score, employment stability, and assets to determine the likelihood of repaying the loan.
Related Nebraska Finance Questions
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