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.
