for which buyer would a lender most likely approve a $200,000 mortgage?\no a person with a credit score of…

for which buyer would a lender most likely approve a $200,000 mortgage?\no a person with a credit score of 800 with a large amount of debt who has recently switched to a lower - paying job\no a person with a credit score of 760 with a small amount of debt who has had steady employment for many years\no a person with a credit score of 650 with a large amount of available credit who has a low - paying, but steady job\no a person with a credit score of 600 with a small amount of available credit who has recently switched to a high - paying job

for which buyer would a lender most likely approve a $200,000 mortgage?\no a person with a credit score of 800 with a large amount of debt who has recently switched to a lower - paying job\no a person with a credit score of 760 with a small amount of debt who has had steady employment for many years\no a person with a credit score of 650 with a large amount of available credit who has a low - paying, but steady job\no a person with a credit score of 600 with a small amount of available credit who has recently switched to a high - paying job

Answer

Brief Explanations:

Lenders consider credit - score, debt - to - income ratio, and employment stability. A high credit score indicates good creditworthiness. Low debt and long - term steady employment reduce risk. The first option has high debt and a new lower - paying job. The third and fourth have lower credit scores. The fifth has a low credit score and a new job. The second option has a high credit score, low debt, and long - term steady employment, making it the least risky for the lender.

Answer:

a person with a credit score of 760 with a small amount of debt who has had steady employment for many years