A.) Suppose Crystal is planning to purchase a home and in her mortgage application, she declares that she plans to put a 5 percent down payment on the home. Additionally, Crystals debt-to-income ratio and credit score are 39 percent and 580, respectively. Assuming that Crystals mortgage application is accepted by the lender, how would her mortgage likely be classified?

Conventional mortgage

Federally insured mortgage

Prime mortgage

Subprime mortgage

B.) Suppose Tim, Alyssa, and Brian are looking to purchase homes in Los Angeles, and they all happen to find exactly the home they are looking for within a mile of one another, each costing $690,000. None of the homeowners have enough cash to purchase their selected home outright, so each of them needs to submit a mortgage application in order for their lender to determine whether or not the borrower will be able to repay the mortgage loan. Suppose Tim, Alyssa, and Brian all use Quicken Loans as their lender and that they all submit their mortgage applications at the same time.

The following table shows: (1) the amount that each borrower suggests they will put as a down payment on their home, (2) each borrowers debt-to-income ratio, and (3) each borrowers credit score.

Borrower	Down Payment	Debt-to-Income Ratio	Credit Score
Tim	$207,000	14%	730
Alyssa	$62,100	16%	690
Brian	$41,400	25%	470

Given the information in the table, which of the three borrowers has the strongest mortgage application?

Tim

Alyssa

Brian