Question

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essential, desirable or cosmetic information

By cbdot ·
The mortgage department of a housing development company wishes to calculate the monthly payments for each applicant, based on his/her life expectancy and the amount of money to be borrowed by the applicant.

for any five pieces of information on the applicant listed below, specify whether the information is essential, desirable or cosmetic for calculating the applicant's monthly mortgage payment. Justify your selection.

1. Name of applicant
2. Current contact information
3. Date of birth
4. Picture of the applicant
5. Medical Records
6. Model of Housing Unit Selected
7. Preferred Location
8. Cost of unit

PLEEEEEEEEEEEASE answer this question for me. I have exams next week and this is a question that i found under a topic that my teacher never taught me. i do not know how to answer the question and i fear that a question like this may be on my exam, please assist and give any other information u can on this topic because i cannot find any information on the internet.

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Reponse To Answer

by cbdot In reply to Sucker Punch
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1. Relax. 2. Break down the question

by EKovar In reply to essential, desirable or c ...

Step back from the words and look at what you're trying to figure out. "Mortgage" sounds scary, "calculate" makes it sound as if you need to do math, and people have gone all over the places with real estate, substituting this for that . . .

But what are you being asked? None of that. You're not being asked to do the finicky, calculating a mortgage. Your job is to look at what's going on, figure out what data is needed, and ask the right questions to get it. Far too few people have that basic skill set: what do we need to know and how do we get it?

". . . based on his/her life expectancy and the amount of money to be borrowed by the applicant."

What information is needed to figure out someone's life expectancy? That's two questions. How much are they going to borrow? That's another. It leaves you two questions to play with.

It helps to remember that professors don't go out of their way to fail students. You tagged this with IT, development, etc. If mortgages or whatever have never been even hinted at during class the question is probably about something else, mortgages just being an example.

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Reponse To Answer

by cbdot In reply to 1. Relax. 2. Break down t ...

thank you very much

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I have to agree

by markp24 In reply to essential, desirable or c ...

with Col and others, this site is a technical assistance site, not a help with homework site.

This type of post is why alot of good people are leaving TR.

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