Sam frank is a retired army officer who wants to purchase a new home using a va loan. in 2000, sam used his va guarantee of $36,000 when he purchased his current home. based on the va's maximum guarantee of $104,250 and his partial eligibility, how much of a loan can sam get with no money down?
a) $68,250
b) $155,000
c) $208,500
d) $273,000
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Ответ:
D) $273,000
Explanation:
The VA's maximum guarantee for home purchases applicable for 2019 is $484,350, including additional benefits like no down payments and no private mortgage insurance.
Since Sam already used 34.45% of his benefit during 2000, he can only use 65.55% of his available benefit now. In current values that would equal around $317,000 but I guess this question is using values applicable during 2018, which would result in a maximum guarantee of $417,000, and 65.55% of that would be $273,000.
The amount of VA's loans increase year by year and also vary depending on certain states and counties.
Ответ:
D) understand why economies grow.
Explanation: