Multiple Choice
Franz asks Gateway Mortgage Credit for a loan to pay for the purchase of a home.With a poor credit score and a high current debt-to-income ratio,Franz does not qualify for a standard mortgage.Gateway is most likely to provide
A) a deed in lieu of foreclosure.
B) a reverse mortgage.
C) a subprime mortgage.
D) a workout agreement.
Correct Answer:
Verified
Correct Answer:
Verified
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