Use the table to solve.Factors for loan qualification:ConventionalVAFHA3. Credit score should be 650 or higher.The Francis family is trying to qualify for a conventional loan. Their gross monthly income is $3830. If they get the loan, their mortgage payment will be approximately $1200. Their total monthly debt will be $1208. They have a credit score of 660. Do they qualify?

A. f.e.r. = 0.26, b.e.r. = 0.27; Yes
B. f.e.r. = 0.31, b.e.r. = 0.32; No
C. f.e.r. = 1.11, b.e.r. = 1.12 ; No
D. f.e.r. = 0.36, b.e.r. = 0.37 ; Yes


Answer: B

Mathematics

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