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Tom walks into the Really Big Apple Savings Bank to see you and to get pre-approved on a mortgage loan. (A borrower can be pre-approved for a loan based off of credit history and income and assets. The loan would be approved subject to an acceptable appraisal). Tom is ready to go shopping for an apartment and knows that if he tells the broker that he is already pre-approved by the bank he stands a much better chance of negotiating the price of the apartment. Tom makes $150,000/year and has $400 in monthly credit card expenses, $250/month in student loan payments and a $200/month auto lease payment. Tom is looking in Williamsburg and based on your data you know that annual property taxes and property insurance total $5,400 annually in that area. He is looking for a 30 year, fixed rate mortgage and subject to approval you will be able to offer him an 85% LTV mortgage at 5.65% with zero points of origination expenses. 4) What is Tom's Front-end DTI maximum monthly mortgage loan payment using a 28% DTI ratio? 5) What is Tom's Back-end DTI maximum monthly mortgage loan payment using a 36% DTI ratio? 6) What is the maximum monthly mortgage payment you will allow Tom to make? 7) If Tom takes out the loan exactly at that maximum payment amount how large a loan can you make to him? 8) If he takes out that size loan (in Q#7) how much can he afford to pay for the apartment? 9) If the appraisal you obtain only shows the value of the apartment to be $600,000 how much will the bank lend Tom to buy it? 10) If Tom's FICO score comes back at <680 you will need to charge him 50bps more on his lending rate. If that happens what will be the most you will lend him?
the stock of company xyz is currently price at 80 per share. itrsquos earnings this year t0 are 4.00 per share. it has
W.C. Cycling had$55,000 in cash at year-end 2007 and $25,000 in cash at year-end2008. Cash flow from long-term investing activities totaled-$25,000, and cash flow from financing activities totaled+$170,000.
The stock of North American Dandruff Company is currently selling at $80 per share. The firm pays a dividend of $2.50 per share.
Other things held constant, which of the following would tend to reduce the cash conversion cycle? Answer Carry a constant amount of receivables as sales decline. Place larger orders for raw materials to take advantage of price breaks.
a merger that is driven by the potentially large reduction in the staffing of overlapping functions and the integration
the finance department of a large corporation has evaluated a possible capital project using the npv method the payback
Kelley's Baskets makes handmade baskets for distribution to upscale retail outlets. The firm is currently considering making handmade wreaths as well. Which one of the following is the best example of an incremental operating cash flow related to ..
1 the firm s price-earnings pe ratio is influenced by itsa.capital structure.b.earnings volatility.c.sales profit
the cost of equity radical ivenoil inc. has a cost of equity capital equal to 22.8 percent. if the risk-free rate of
Pretend that you have $10,000 to invest for four weeks. You are to "invest" this money in stocks or mutual funds and to track your investments on a weekly basis for four weeks (see schedule for due date). Pick five different stocks or funds to follow..
what are stock repurchases? discuss the advantages and disadvantages of a firms repurchasing its own
for this assignment youll answer questions pertaining to risk management. we would need to discuss airline hedging
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