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You are planning on starting your own business in 18 months and you intend to purchase a new home. You have looked carefully at your budget and have determined that you can afford a PITI of $900 per month. Your banker has told you that you can easily qualify for a PITI of $1,150 per month. Which of the following is the most reasonable explanation for this discrepancy?

a. Your banker knows you really would be happier in a more expensive house.

b. Your banker is not aware of your other long-term financial goals.

c. Your banker's number is more accurate than your number.

d. None of these is a reasonable explanation.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91751615

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