Question
1131. Elon Musk has an annual income of $300,000. Elon is looking to buy a house with monthly property taxes of $140 and monthly homeowners
1131. Elon Musk has an annual income of $300,000. Elon is looking to buy a house with monthly property taxes of $140 and monthly homeowners insurance of $70. Signature Bank has a maximum front end DTI limit of 28%, what is the most they will allow Elon to spend on a monthly mortgage?
1141. Elon Musk has an annual income of $300,000. Elon is looking to buy a house with monthly property taxes of $140 and monthly homeowners insurance of $70. Elon has $178 in monthly student loan payments. Signature Bank has a maximum back end DTI limit of 36%. Using only the back end DTI constraint, what is the most they will allow Elon to spend on a monthly mortgage payment?
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Fundamentals Of Futures And Options Markets
Authors: John Hull
9th Global Edition
1292422114, 9781292422114
