Being able to qualify a buyer is very important and for this you need to be accurate.
The case study starts on page 340. Read the case study carefully before starting the work sheets. The worksheets start on page 345.
Do not try and skip steps. It is important to be accurate on these. Take your time and fill in each line of the worksheets. Remember to check back in the chapter to see how to calculate different incomes etc. Each worksheet leads to the next. Again, make sure to use the worksheets. In today’s modern lending we use computers, but if we put in the wrong information, we will get the wrong answer. Make sure that you put the right information in each section. As you transfer over numbers double check them.
Part of this assignment is to upload the worksheets. You can take photos with your phones or find another way to upload them, but they need to be part of the work submitted. If worksheets are not submitted, you will lose 25 points from the assignment.
The answers to the case study are in the book. You will find them in the back. Just because the answers are in the book doesn’t mean you should not work these out for yourself. I want you to try the work sheets and use the answers in the back to help with your understanding.
For this assignment I want you to tell me about the parts on the worksheets that you struggled with. Again, the worksheets need to be uploaded. So, I can see where you had to make adjustments.
The questions at the end of the chapter need to be answered here as well.
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