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Which of the following would have a negative impact on determining eligiblity for a home loan? a. Earning extra income b. Moving into a different apartment c. Paying off credit card debt d. Withdrawing money from savings Please select the best answer from the choices provided A B C D.

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shubhamchouhanvrVT

The withdrawing money from savings would have a negative impact on determining eligibility for a home loan.

What can create a negative impact on home loans?

If someone is looking for a home loan they should have money in their savings accounts. If they will withdraw the money from the saving accounts then how will they pay back their loans?

So they should not withdraw money and save as much as they can so that they can easily pay back their loans.

Thus withdrawing money from savings would have a negative impact on determining eligibility for a home loan.

To know more about home loans follow

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