Sarah and Mike are applying for a $20,000 line of credit for emergency purposes. Their mortgage...

 

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Sarah and Mike are applying for a $20,000 line of credit for emergency purposes. Their mortgage monthly payment is $2200. The annual property tax is $3000. Cando fee and heating expense are $350 and $100 respectively. They have a car loan of $400 and a credit with $5,000 credit limit and line of credit with $1000 credit limit. a) Sarah and Mike are salaried employees with salary of $60,000 and $80,000 respectively. Caluclate GDSR and TDSR? b) Intrepet the claculated GDSR and TDSR show and if necessary, provide your advice? Sarah and Mike are applying for a $20,000 line of credit for emergency purposes. Their mortgage monthly payment is $2200. The annual property tax is $3000. Cando fee and heating expense are $350 and $100 respectively. They have a car loan of $400 and a credit with $5,000 credit limit and line of credit with $1000 credit limit. a) Sarah and Mike are salaried employees with salary of $60,000 and $80,000 respectively. Caluclate GDSR and TDSR? b) Intrepet the claculated GDSR and TDSR show and if necessary, provide your advice?

Answer rating: 100% (QA)

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