Anne-Marie, who hS a monthly gross income of $5,400, applies for a morgage with a monthly PITI of $1,550. Their other financial obligations total $500 per month. if the lending ratio guidelines are as given in the table below, which mortgages would they qualify for?

Anne-Marie, who has a monthly gross income of $5,400, applies for a mortgage with a monthly PITI of $1,550. Their other financial obligations total $500 per month. If the lending ratio guidelines are as given in the table below, which mortgage(s) would they qualify for? (show your work or no credit!) Mortgage Type FHA Conventional Housing Expense Ratio 29% 28% Total Obligations Ratio 41% 36% Only the FHA mortgage Ony the Conventional mortgage Neither type of mortgage Both types of mortgages