Mr. Assan makes $11,345/month. He is applying for a mortgage that requires at most 28% front...
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Mr. Assan makes $11,345/month. He is applying for a mortgage that requires at most 28% front end PTI and 36% back-end PTI. His other debt obligations are estimated to be around $1,300/month. What is the maximum qualified mortgage payment that Mr. Assan can have? Mr. Assan makes $11,345/month. He is applying for a mortgage that requires at most 28% front end PTI and 36% back-end PTI. His other debt obligations are estimated to be around $1,300/month. What is the maximum qualified mortgage payment that Mr. Assan can have?
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Answer rating: 100% (QA)
ANSWER i Mr Assans maximum qualified mortgage payment would be 1045 ii This is because his front end ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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