[originaltext]W: Good morning Sir, how may I help you today?M: I would like to

W: Good morning Sir, how may I help you today?
M: I would like to apply for a loan please.
W: Very good, and what kind of loan are you looking for?
M: I want a loan to buy a new home.
W: Can you tell me the information about your new home? For example, the size, the price, and the location.
M: Well, it is a two-storied townhouse, with four bedrooms and two bathrooms, located in 1080 Arizona Street.
W: And how much were you hoping to apply for?
M: I was hoping that I could apply for a $250,000 home loan. Would it be possible?
W: First we just have to check if your credit is good enough for a loan that large. May I have your name please?
M: Andrew Garfield.
W: Okay. Mr. Garfield. Let me see... Your credit score is 860... no... 960. It is a pretty good score. And I also see on your credit report that you have always paid on time.
M: Yes, I know how important it is to pay your debts and pay them on time.
W: Will you be making a down payment on your new house?
M: I have ten thousand dollars available for a down payment and I would like to finance the rest, I mean, the loan. Would that be Okay?
W: Well, I just cannot give you an answer right now. I still have a few more questions for the application. What is your gross monthly income?
M: I make $750 a week, so I suppose my average monthly income would be about $3000.
W: How long would you like the life of the loan to be?
M: What are my options?
W: You can choose between a ten, fifteen or thirty year loan.
M: Ten years is a bit too short. The fifteen-year one and the thirty-year one sound better. Then what’s the difference between a fifteen-year loan and a thirty-year loan?
W: A fifteen year loan will mean higher monthly payments, but you will pay less interest.
M: So a thirty year loan will mean lower monthly payments, but I will end up paying more in the long run?
W: That’s right. Which would you prefer? Fifteen years or thirty years?
M: I think I would rather pay it off sooner. And not pay that much interest.
W: Then we will sign you up for a fifteen-year loan. Is that alright?
M: Alright. And what is my interest rate?
W: Based on your credit report and excellent credit score, you will get five-percent discount and your interest rate will be about 5.8%.
M: That sounds great! Where do I sign?
W: Just fill out these remaining paper forms and we will get you into your new home as soon as possible.
This is the end of Conversation Two.
Questions 6-10 are based on Conversation Two.
6. What is the man’s new home like?
7. What is the price of the townhouse that the man wants to buy?
8. What do we learn about the man’s credit?
9. Why does the man prefer a 15-year loan to 30-year loan?
10. What may affect the loan interest rate according to the conversation?