Question
1) Jim has an annual income of $185,000. Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowners insurance
1) Jim has an annual income of $185,000. Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowners insurance of $70. Jim has $178 in monthly student loan payments. Apple bank has a maximum back end DTI limit of 36%. Given the back end DTI constraint, what is the most they will allow Jim to spend on a monthly mortgage payment?
2) Jim has an annual income of $185,000. Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowners insurance of $70. Jim has $178 in monthly student loan payments. Apple bank has a maximum front end DTI limit of 28% and a maximum back end DTI limit of 36%. Given both limits, what is the most they will allow Jim to spend on a monthly mortgage payment?
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Sport Finance
Authors: Gil Fried, Timothy D. DeSchriver, Michael Mondello
3rd Edition
1450421040, 978-1450421041
