Question
Number eight on chapter fourteen quiz carlos earns a gross 5590 per month, and applies for a mortgage with with a monthly PITI of $1453
Number eight on chapter fourteen quiz carlos earns a gross 5590 per month, and applies for a mortgage with with a monthly PITI of $1453 and 40 cents, Carlos has other financial obligations, totaling $765.83 per month. If a lending ratio guidelines are given as it's a given in the table below, lending ratio guidelines mortgage top, FHA housing ratio expenses 29 %, and total obligation ratio is 41. Percent, a conventional mortgage top is the housing expense ratio is 20 eight, and the total obligation ratio is 36. What type of mortgage if any would Carlos qualify for?
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