Question
What is the maximum home price a household can purchase with a downpayment of $30,000 and income of $100,000 if the maximum LTV is 95%,
What is the maximum home price a household can purchase with a downpayment of $30,000 and income of $100,000 if the maximum LTV is 95%, the maximum DTI is 40% and the loan is a 20 year fully amortizing mortgage at 4%.
Respond to closer integer with thousand comma separator, entering $100,000.54 as 100,001
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
5th Edition
0078034663, 978-0078034664
