(rest of the questions remains the same) replace 21.58% with 27% and 33.68 with 35%. What type of mortgage would she qualify for?

Monthly gross income Lending Ratio Guidelines: (The mortgage business uses widely accepted guidelines for these ratios that should not be exceeded.) Mortgage Type Housing Expense Total Obligations Ratio FHA 29% 41% 28% 36% Conventiona! Ex 3. Leigh's gross income is $3,100 per month. She has applied for a mortgage with a monthly PITI of $669. She has other financial obligations totaling $375 per month. What is her housing expense ratio? What is her total obligations ratio? What type of mortgage would she qualify for? Conventional 669 FHA = 21.58% 3 loo V 669+375 = 33,684 3 lou Honey expense ratio = Totul obligations ratio = V V