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jim and sue have a combine annual income of $96,400. They can get a 20 year, 90% conventional loan at 8.75% with a monthly payment
jim and sue have a combine annual income of $96,400. They can get a 20 year, 90% conventional loan at 8.75% with a monthly payment of $8.84 per 1000 borrowed. A house they like has annual taxes of $3200 and can be insured for $1500 a year. If the lender uses 28/36 qualifying ratios and they have no other debt, how many financing can Jim and Sue qualify for?
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Internal Auditing Assurance And Advisory Services
Authors: Kurt R. Reding, Paul J. Sobel, Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Mark Salamasick, Cris Riddle
3rd Edition
0894137409, 978-0894137402
