Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sue currently makes $4,500 per month in gross income. She has a student loan payment of $250 per month and a car loan of $450
Sue currently makes $4,500 per month in gross income. She has a student loan payment of $250 per month and a car loan of $450 per month. Her credit card payments average #300 per month. Using the 33/38 rule, what is the largest PITI she could qualify for with a reputable lender?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Answer The 3338 rule is a guideline used by lenders to determine how much a borrower can spend on ho...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Document Format ( 2 attachments)
663eaeac1f7d0_953320.pdf
180 KBs PDF File
663eaeac1f7d0_953320.docx
120 KBs Word File
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started