aredding6282
27.07.2019 •
Mathematics
Aborrower earns $8,000/month and makes credit card and car note payments of $900. a conventional lender requires a 30% income ratio. what monthly amount for housing expenses (principal, interest, taxes, insurance) will the lender allow this person to have in order to qualify for a conventional mortgage loan?
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Ответ:
This lendor is allowing 30% for the debt. So, we start by multiplying 8000 times 0.3 which equals 2400.
However, we have to subtract the current debts of 900.
2400 - 900 = 1500
Ответ: