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Use the below information to answer the following 3 questions regarding residential underwriting Borrower info annual gross salary: $ 9 0 , 0 0 0
Use the below information to answer the following questions regarding residential underwriting
Borrower info
annual gross salary: $
annual take home pay after taxes: $
monthly student loan payment: $
monthly car payment: $
Mortgage info
LTV:
Term & Am: years
Interest Rate:
Monthly projected property taxes: $
Monthly projected home owners insurance: $
Underwriting info
Housing expense ratio:
Total debt ratio: What is the maximum mortgage amount this borrower qualifies for? What is the maximum house purchase price this borrower qualifies for? What is the maximum monthly payment principal and interest this borrower qualifies for?
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