Question
Banks use a formula called the monthly housing cost to gross income ratio to determine whether or not to provide a mortgage to an individual.
Banks use a formula called the monthly housing cost to gross income ratio to determine whether or not to provide a mortgage to an individual. Which of these items is not considered in this formula? Principal payment on the mortgage Interest payment on the mortgage Income taxes paid Homeowner's insurance premiums
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The item not typically considered in the monthly housing cost to gross income ratio formula used by banks is income taxes paid The monthly housing cos...
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
