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7. (-/1 Points) DETAILS BRECMBC9 14.11.010. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Calculate the housing expense ratio and the total obligation ratio (in %)

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7. (-/1 Points) DETAILS BRECMBC9 14.11.010. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage applications. (Round your answers to two decimal places.) Monthly Monthly Other Monthly Housing Total Applicant Gross PITI Financial Expense Obligations Income Expense Obligations Ratio (%) Ratio (%) Martin $3,700 $705 $740 % % Need Help? Read

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