Question
You are a mortgage lender at ABC Bank. A potential customer approaches you for a mortgage of $399,000 on a home valued at $420,000.Their TDSR
You are a mortgage lender at ABC Bank. A potential customer approaches you for a mortgage of $399,000 on a home valued at $420,000.Their TDSR is 46%, you bank does not like to go above 42%.Can you help this client?Should you help this client?
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
