Question

Which of the following would least likely be used to determine your eligibility for a home loan?
a.
credit history report
b.
current utility bills
c.
recurring debt total
d.
savings account balance


Please select the best answer from the choices provided

A
B
C
D

Answer 1

B

Current utility bills are least likely to determine home-loan eligibility. Lenders focus on credit history, recurring debts (for debt-to-income), and assets/savings for down payment and reserves.