Geoffrey does not qualify for a standard mortgage.He can apply for

Question

Quizplus · Accepted Answer

Since Geoffrey does not qualify for a standard mortgage, his best option would be to apply for a subprime mortgage. Subprime mortgages are designed for borrowers with poor credit or little to no credit history. However, it is important to be cautious of these types of loans as they often come with higher interest rates and fees. Balloon and construction loans are typically for specific purposes (such as short-term financing for construction projects) and interest-only mortgages are generally risky and can lead to financial instability in the long run.

Geoffrey Does Not Qualify for a Standard Mortgage