Which payment guideline would you follow if you were deciding to get a mortgage?
AThis guideline is issued by a group that makes absolutely no money on selling mortgages. The group only offers advice on ways to spend responsibly - and their services are free.
BA television ad tells you that you are guaranteed to get a bigger loan if you use this guideline.
CA person who works at a mortgage company tells you their payment guideline book says you can afford to pay 45% of your gross monthly pay on a mortgage.
DYou find a guide online that says: "Our guideline is approved by mortgage lenders!"
AThis guideline is issued by a group that makes absolutely no money on selling mortgages. The group only offers advice on ways to spend responsibly - and their services are free.
BA television ad tells you that you are guaranteed to get a bigger loan if you use this guideline.
CA person who works at a mortgage company tells you their payment guideline book says you can afford to pay 45% of your gross monthly pay on a mortgage.
DYou find a guide online that says: "Our guideline is approved by mortgage lenders!"
