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Use the below information to answer the following 3 questions. Report all answers with 2 decimal places. Loan info HER ratio I Question 10 2.5
Use the below information to answer the following 3 questions. Report all answers with 2 decimal places. Loan info HER ratio I Question 10 2.5 pts What mortgage amount do you qualify for using only the TDR ratio? format: round to nearest \$) Question 11 2.5 pts What is the maximum purchase price the borrower will be able to pay using the assumptions given in this problem? (Hint: Remember that you have to meet both of the payment ratios to qualify for a mortgage. Then use that mortgage amount and the given mortgage inputs to calculate this). (format: round to nearest \$] Question 12 2.5 pts What mortgage amount do you qualify for using only the HER ratio? (format: round to nearest \$) Use the below information to answer the following 3 questions. Report all answers with 2 decimal places. Loan info HER ratio I Question 10 2.5 pts What mortgage amount do you qualify for using only the TDR ratio? format: round to nearest \$) Question 11 2.5 pts What is the maximum purchase price the borrower will be able to pay using the assumptions given in this problem? (Hint: Remember that you have to meet both of the payment ratios to qualify for a mortgage. Then use that mortgage amount and the given mortgage inputs to calculate this). (format: round to nearest \$] Question 12 2.5 pts What mortgage amount do you qualify for using only the HER ratio? (format: round to nearest \$)
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