Solution-What is the debt-to income ratio

What is the debt-to income ratio

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Question: Reed Davis has $84,000 for a down payment on a home and has identified a property that can be purchased for $386,000. The appraised value of the property is $395,000. What is the loan-to-value ratio ?

2. Emily Harrington has $1,675 total fixed monthly expenses and gross monthly income of $4,975. What is the debt-to income ratio she would use in purchasing a home?

Reference no: EM131628011

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What is the debt-to income ratio : Emily Harrington has $1,675 total fixed monthly expenses and gross monthly income of $4,975. What is the debt-to income ratio she would use in purchasing.

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What is the debt-to income ratio

Reference no: EM131628011

Reference no: EM131628011

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