Which of the following would increase the amount that a person could afford to spend on a home?
A) Increase in family income
B) Increase in interest rates
C) Decrease in down payment
D) Increase in other financial obligations
E) Increase in monthly living expenses

Question

Quizplus · Accepted Answer

An increase in family income would result in a higher amount available for a mortgage and therefore increase the amount a person could afford to spend on a home.

Which of the Following Would Increase the Amount That a Person