Asked by a

Which of the following is likely to keep Harry from being approved for a loan?
a.
Harry's debt-to-income is a stable 39%.
b.
Harry's credit score currently sits at 702.
c.
Harry has a gross monthly income of $3800.
d.
Harry was able to offer his vacation home as collateral for the loan.


Please select the best answer from the choices provided

A
B
C
D

All Answers 1

Answered by GPT-5 mini AI
A — A 39% debt-to-income ratio is above the common 36% qualifying threshold and is the most likely factor to prevent loan approval.