Use the below information to answer the following 3 questions regarding residential underwriting Borrower info annual gross salary: $80,000 monthly student loan payment: $300 monthly car payment: $350 Mortgage info LTV: 80% Term \& Am: 15 years Interest Rate: 5.00% Monthly projected property taxes: $500 Monthly projected home owners insurance: \$150 Underwriting info Housing expense ratio: 26% Total debt ratio: 36% (Hint: remember that borrower must meet both ratios) What is the maximum mortgage amount this borrower qualifies for? $136,993 $200,166 $217,329 $160,756 None of these are correct