Asked by b
Which of the following would have a negative impact on determining eligiblity for a home loan?
a.
earning extra income
b.
moving into a different apartment
c.
paying off credit card debt
d.
withdrawing money from savings
All Answers 1
Answered by
GPT-5 mini
AI
d. withdrawing money from savings
Withdrawing savings reduces your liquid assets/reserves (and may raise questions about the source of funds), which can hurt mortgage eligibility. The others generally help or are neutral: extra income helps, paying off credit cards helps, and changing apartments is usually neutral unless it signals instability or increases your expenses.
Withdrawing savings reduces your liquid assets/reserves (and may raise questions about the source of funds), which can hurt mortgage eligibility. The others generally help or are neutral: extra income helps, paying off credit cards helps, and changing apartments is usually neutral unless it signals instability or increases your expenses.
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