Suppose Rosa is planning to purchase a home and in her mortgage application, she declares that she plans to put a 4.5 percent down payment on the home. Additionally, Rosa's debt-to-income ratio and credit score are 40 percent and 590, respectively. The lender Rosa is using is FHA approved, and if the loan is approved, it will be backed by the FHA. Assuming that Rosa's mortgage application is accepted by the lender, how would her mortgage likely be classified? Conventional mortgage O Federally insured mortgage O Fixed-rate mortgage O Prime mortgage Suppose Jake, Latasha, and Nick are looking to purchase homes in Chicago, and they all happen to find exactly the home they are looking for within a mile of one another, each costing $210,000. 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 Jake, Latasha, and Nick all use Chase Bank 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 borrower's credit score. Using the information in the table, answer the question that follows. Borrower Down Payment Debt-to-Income Ratio Credit Score Jake $42,000 13% 820 Latasha $10,500 29% 440 Nick $18,900 17% 690 Given the information in the table, which of the three borrowers has the strongest mortgage application? O Jake O Latasha O Nick