What is the debt to income ratio for this loan

Assignment Help Accounting Basics
Reference no: EM133014498

Question - Comprehension Test - All answers are per the Fannie Mae Selling Guide1. The borrower's full PITIA is $1400 and the sum of all other debts is $625. The borrower's total qualifying income is $76,000 per year. What is the debt to income ratio for this loan?

Reference no: EM133014498

Questions Cloud

Disadvantages of the communication styles : 1. 3 advantages and 3 disadvantages of the following communication styles:
Define the adjustment process : Define the adjustment process and List and Explain its four stages.
What is impairment : What is impairment? What impairment should be recorded in the accounts of Meow Plc for the listed shares and the three year bond
What is the balance of the UGL-OCI-Equity account : What is the balance of the UGL-OCI-Equity account as of December 31, 2010? Is it a debit or credit balance
What is the debt to income ratio for this loan : The sum of all other debts is $625. The borrower's total qualifying income is $76,000 per year. What is the debt to income ratio for this loan
What the number of direct labor hours needed for T : T experiences an 80% learning curve on all of its jobs. What the number of direct labor hours needed for T to complete 240 additional components
Define electronic commerce : 1) Define electronic commerce and how it has evolved inthree waves of development.
Prepare amortization table and lease payments : The economic life of the equipment is 8 years, the implicit interest rate is 10%. Prepare amortization table and lease payments
Illustrates the concept that the chance of a risk : Illustrates the concept that the chance of a risk occurring is more likely in the defining stage, but the cost is low. The chances of a risk occurring decreases

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd