Question: can u answer thapse all please, If it's true I'm gonna give u with good comment. Thnx You are paying $20000 for a car. If

can u answer thapse all please, If it's true I'm gonna give u with good comment. Thnx
can u answer thapse all please, If it's true I'm gonna give
u with good comment. Thnx You are paying $20000 for a car.
If the loan amount is $14000, the loan term is 60 months,

You are paying $20000 for a car. If the loan amount is $14000, the loan term is 60 months, and the APR is 7 percent, what is your loan payment? O $396,02 $277.22 $287.22 O $251.42 Nancy's gross monthly income is $3410. She is applying for a mortgage loan that will have a $816 monthly mortgage payment (principal and interest). In addition, property taxes will be $102 per month, and homeowner's insurance will be $51 per month. Nancy's other debt payments are $255 (car loan) and $204 (minimum payments on credit cards). Will she qualify for the mortgage loan if her lender requires the mortgage debt service ratio to be no more than 35 percent and the debt payment ratio to be no more than 40 percent? Yes, because both her mortgage debt service ratio and her debt payment ratio meet the lender's requirements. O No, because her mortgage debt service ratio and her debt payment ratio both exceed the lender's limits. No, because her debt payment ratio exceeds the lender's limit. Yes, because her mortgage debt service ratio is lower than the lender's limits. How much does one discount point cost on a $162000 mortgage for a $210000 home? O $2100 O $1620 O $16200 $1050

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!