Question: Can someone please solve Part 1 & Part 2? PART1: With your Annual Income of: $135444.71 and the figures you already determined for a Stress
$ - %98- Conditional Formatas Formatting Table Insert Delet Shades Number Section 8 - Qualification Gle Part 1 With your Annual Income of: $135444.71 and the figures you already determined for a Stress Tested Monthly Mortgage Payment, and Property Tax of $3288.83, calculate Gross Debt Service Ratio. Assume the cost of heating the home will be $201.85. Do you qualify to purchase this home based on GDS Ratio? If not, what is the income that you would require? Total Monthly GDS Expenses GDS Ratio as a % le: 3.45% Do they Qualify on GDS? Yes or No? Part 2 If you have consumer debt servicing in the amount of $1032.63 per month. What is the the TDS ratio? Do you qualify for the purchase based on this number? If , what is the income required to qualify? Total Monthly TDS Expenses TDS Ratio os le: 3.459 Do they Qualify on TDS? Yes or Not 1 Section Value: 9 Submit Answers
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