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ualifying Scenario: Rosanne is buying a home for 900k. She has 110k in liquid assets, a 740 middle credit score, $1200 a month in revolving
ualifying Scenario: Rosanne is buying a home for 900k. She has 110k in liquid assets, a 740 middle credit score, $1200 a month in revolving credit card debt and makes 200k a year. Her lender requires her to have a 90% LTV, 30/43 DTI ratios and 2 months PITI for PCL. The loan will be a 30 year fixed with a 3% interest rate. Her closing costs will be 15k. Escrows will be $1000 a month. She can buy her interest rate down by 125% by paying a half percent discount point. A 25 buy down costs 1 points and so on. She can increase her rate by .125% to get a lender credit of a half point or 25% for 1 point and so on. Does she qualify? If not, why? What can she do to qualify? (6 points) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph, System Font v 12pt > !!! A 1860 # SM 3 (0 $ 4 888 25 MacBook Air 3 6 & 27 GG D FR .0 8 E R T Y U 9 61 1 DO w Seve Al An 3 o! O O V- D F G H J K L X C V B N M H and P V command
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