Suppose that you are interested in buying a home,but are unsure of how much you can afford.What is the best way to determine your prospects for obtaining a mortgage?

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Both B and C are correct answers. The 28/36 rule is a guideline used by lenders to determine how much of your monthly income can go towards your housing expenses (28%) and your overall debt (36%). Calculating what your mortgage payment will be will help you determine if you can realistically afford to make those payments based on your current income and expenses. Therefore, using both of these methods together will give you a clearer understanding of your prospects for obtaining a mortgage.

Suppose That You Are Interested in Buying a Home,but Are