Question
Jim has an annual income of $300,000. Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowners insurance of
Jim has an annual income of $300,000.
Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowners insurance of $70.
Jim has $178 in monthly student loan payments.
Apple bank has a maximum front end DTI limit of 28% and a maximum back end DTI limit of 36%. Given both limits, what is the most they will allow Jim to spend on a monthly mortgage payment?
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
23rd Edition
1647084105, 978-1647084103
