Mathematics, 16.01.2020 06:31, tiffg2588

Luis wants to buy a home priced at $315,000. he plans to finance this amount less the down payment required. his mortgage payment would then be $2100. luis has an annual income of $91,500 and $65,000 in savings. luis has a car payment of $370, a student loan payment of $165 and a credit card payment of $45. use a 20% down payment and the 28/36 ratio to determine if luis is eligible for a loan. what would you advise him to do if he is not eligible?
a. luis is eligible for a home loan; he meets all of the requirements.
b. luis is not eligible for a home loan; he should continue to save for a down payment.
c. luis is not eligible for a loan; he should look for a cheaper house.
d. luis is not eligible for a loan; he should reduce his recurring debt.

Answers: 3

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 18:30, Greekfreak

To determine the number of deer in a forest a forest ranger tags 280 and releases them back

Answers: 3

continue

Mathematics, 21.06.2019 19:30, tgentryb60

Now max recorded the heights of 500 male humans. he found that the heights were normally distributed around a mean of 177 centimeters. which statements about max’s data must be true? a) the median of max’s data is 250 b) more than half of the data points max recorded were 177 centimeters. c) a data point chosen at random is as likely to be above the mean as it is to be below the mean. d) every height within three standard deviations of the mean is equally likely to be chosen if a data point is selected at random.

Answers: 1

continue

Mathematics, 21.06.2019 20:20, Lindy5657

Which of the following best describes the delian problem?

Answers: 3

continue

Mathematics, 21.06.2019 20:30, becca2327

Tom is the deli manager at a grocery store. he needs to schedule employee to staff the deli department for no more that 260 person-hours per week. tom has one part-time employee who works 20 person-hours per week. each full-time employee works 40 person-hours per week. write and inequality to determine n, the number of full-time employees tom may schedule, so that his employees work on more than 260 person-hours per week. graph the solution set to this inequality.

Answers: 2

continue

Do you know the correct answer?

Luis wants to buy a home priced at $315,000. he plans to finance this amount less the down payment r...