Taking out a subprime loan to buy a house is most likely to be a reasonable financial decision when which of the following is True?
A) Qualifying for a conventional loan is impossible.
B) Owning a home is an important life goal for the borrower.
C) Adjustable rates are likely to be higher than fixed rates.
D) The borrower reasonably expects to have greater financial means in the near future.
E) The previous owner of the house took out a subprime loan.
Correct Answer:
Verified
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