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Question
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 provideA.a deed in lieu of foreclosure.
B.a reverse mortgage.
C.a subprime mortgage.
D.a workout agreement.
Answer
This answer is hidden. It contains 2 characters.
Related questions
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A borrower has the right to purchase the property after default by paying the full amount of the debt, plus any interest and costs that have accrued.
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