Which of the following is not typically used for qualifying mortgages as prime or subprime?
A) The borrower's income
B) The borrower's credit score
C) The borrower's race
D) The loan to value ratio

Question

Quizplus · Accepted Answer

Race is not a factor that should be considered when qualifying mortgages as prime or subprime according to fair lending laws. The borrower's income, credit score, and loan to value ratio are commonly used factors to determine eligibility and risk for mortgages.

Which of the Following Is Not Typically Used for Qualifying