Suppose you earn a gross income of $2,580 per month and apply for a mortgage with a monthly PITI of $803.76. You have other financial obligations totaling $118.68 per month. If the lending ratio guidelines are as given in the table below, what type of mortgage, if any, would you qualify for?

FizeauV

FizeauV

Answered question

2020-11-08

Suppose you earn a gross income of $2,580 per month and apply for a mortgage with a monthly PITI of $803.76. You have other financial obligations totaling $118.68 per month. If the lending ratio guidelines are as given in the table below, what type of mortgage, if any, would you qualify for?

Answer & Explanation

d2saint0

d2saint0

Skilled2020-11-09Added 89 answers

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