Mathematics

Mathematics, 26.07.2019 10:00, Lizae9099

Bessie has an annual salary of $51,360. each month she has a car payment of $210 and a student loan of$50. if she applies for a home loan, how likely is it bessie will be approved based on her debt-to-income ratio?

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Mathematics, 21.07.2019 13:00, teagan1716

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.

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Business, 02.08.2019 23:00, itzhari101

You work for a lending institution and are tasked with whether or not to approve a home loan. all applicants are required to have a 20% down payment, and the standard 28/36 ratio is used the loan application is for $230,000. you see that the applicant has an annual salary of $83,000 and a savings account balance of $50,000. the applicant also has a car payment of $315, a student loan of $140 and a boat loan of $96. how likely are you to approve the loan?

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Business, 20.09.2019 18:30, 182075

You work for a lending institution and are tasked with whether or not to approve a home loan. all applicants are required to have a 20% down payment, and the standard 28/36 ratio is used the loan application is for $230,000. you see that the applicant has an annual salary of $83,000 and a savings account balance of $50,000. the applicant also has a car payment of $315, a student loan of $140 and a boat loan of $96.

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Business, 10.10.2019 21:00, Homepage10

Bessie has an annual salary of $51,360. each month she has a car payment of $210 and a student loan of $50. if she applies for a home loan, how likely is it bessie will be approved based on her debt-to-income ratio? a. very likely; recurring debt is less than what is allowed. b. somewhat likely; recurring debt is equal to what is allowed. c. not likely; recurring debt is higher than what is allowed. d. there is not enough information given to determine the answer. select the best answer from the choices provided a b c d

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