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(1) Monthly mortgage payments data for her income, and existing then and to financial (1) Monthly mortgage payments < 27% of monthly gross (before-tax) incotne.
(1) Monthly mortgage payments
data for her income, and existing then and to financial (1) Monthly mortgage payments < 27% of monthly gross (before-tax) incotne. (2) Total monthly installment payments (including the mottgage payments) < 360/0 of monthly gtoss (befotontax) incotne. Kirsten submits the following personal financial data' Monthly gross (before-tax) income Monthly installment loan obligations Requested mortgage Monthly mortgage payment a. Calculate the ratio for requirement b. Calculate the ratio for requirement 2 379 148,000 c. Assuming that Kirsten has adeooate fronds for the down oavment and meets other lender requirements, will Kirsten be qranted the loan? a. The ratio for requirement is i (Round to two decimal pieces) : b. The ratio for requirement 2 is Bound to terc decimal pieces) c. Assuming that Kirsten hes adequate funds for the down peyment and meets other lender requirements, will Kirsten be granted the loan? (Select from the Since Kirsten's debt-relate: e.enses as a percentage of her month'v gross income are less than bank-specified maximums, her loan application should' be accpp!ieqldll should not beyCcepted
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