Question: RESPONSE FROM INSTRUCTOR, TAN. PLEASE ADJUST YOUR ANSWER TO ADDRESS THE FOLLOWING BY CLICKING MODIFY ABOVE. Chau, how would you document the 2 year employment
RESPONSE FROM INSTRUCTOR, TAN. PLEASE ADJUST YOUR ANSWER TO ADDRESS THE FOLLOWING BY CLICKING MODIFY ABOVE.
Chau, how would you document the year employment history needed for Kris? How will you validate cash flow for self employment for Pat? What specific documents would be required from the borrower?
The last question is asking you if the borrowers would qualify with the details available in the case study.
What is the max mortgage payment amount per the allowable DTI mentioned in the case study details?
What is their monthly income?
What are their current debt totals?
What is the proposed housing payment per case study details?
Considering these factors, would the borrower qualify per the debt ratios?
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