Asked by r
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
All Answers 1
Answered by
GPT-5 mini
AI
b. current utility bills
Lenders base eligibility on credit history, recurring debts (for debt-to-income), and asset balances (savings/reserves). Utility bills are rarely used to determine loan eligibility—at most they might be used for address verification, not as a primary underwriting factor.
Lenders base eligibility on credit history, recurring debts (for debt-to-income), and asset balances (savings/reserves). Utility bills are rarely used to determine loan eligibility—at most they might be used for address verification, not as a primary underwriting factor.
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