factors affecting a person’s ability to qualify for a mortgage

Chap 7 – Home Buying

1. What are the advantages and disadvantages of renting?
2. What are the advantages and disadvantages of owning a
home?
3. What guidelines can be used to determine the amount you
should spend on a home?
4. What factors affect a person’s ability to qualify for a mortgage?
5. How do changing interest rates affect the amount of mortgage
a person can afford?