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Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage applications. (Round your answers to two decimal places.) Applicant
Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage applications. (Round your answers to two decimal places.)
| Applicant | Monthly Gross Income | Monthly PITI Expense | Other Monthly Financial Obligations | Housing Expense Ratio (%) | Total Obligations Ratio (%) |
|---|---|---|---|---|---|
| Martin | $3,900 | $805 | $840 | % | % |
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M Finance
Authors: Marcia Cornett, Troy Adair, John Nofsinger
3rd Edition
0077861779, 978-0077861773
