Which of the following aspects of a customer's loan application should a bank's real estate loan officer consider carefully when making a home mortgage?

Question

Quizplus · Accepted Answer

All of the options listed are factors that a real estate loan officer should consider carefully when making a home mortgage. The amount and stability of the borrower's income is important for ensuring that they can make regular loan payments, while the borrower's available savings and down payment source can impact their ability to afford the home. The borrower's track record in caring for and managing property may provide insights into their ability to maintain the property and make necessary repairs, and the outlook for real estate sales in the local market area can impact the value of the property over time. Therefore, all options listed should be carefully considered.

Which of the Following Aspects of a Customer's Loan Application