Rollin and Sandra want to buy a home priced at $265,000. They plan to finance this amount less the down payment required. Rollin and Sandra have a combined annual income of $83,600 and have saved $53,000. They have a recurring debt of $582. Use a 20% down payment and the 28/36 ratio to determine if Rollin and Sandra are eligible for a loan. What would you advise them to do if they are not eligible?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Rollin and Sandra want to buy a home priced at $265,000. They plan to finance this amount less the down payment required. Rollin and Sandra ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Why is environmental analysis important in creating a marketing plan?
Answers (1)
During winter, red foxes hunt small rodents by jumping into thick snow cover. researchers report that a hunting trip lasts on average 19 minutes and involves on average 7 jumps.
Answers (1)
Theodore and James have formed TJ Soft, an entrepreneurial venture to develop games and other kinds of software for consumers.
Answers (1)
In a major metropolitan area, one chain of coffee shops has gained a large market share because customers feel its coffee tastes better than that of its competitors. two taxi companies serve most of the market in a big city.
Answers (1)
EB8. LO 2.2Suppose that a company has fixed costs of $11 per unit and variable costs $6 per unit when 11,000 units are produced. What are the fixed costs per unit when 20,000 units are produced?
Answers (1)
New Questions in Business
Three identical homes in a neighborhood were listed at the same time in a market where demand was constant. According to the law of supply and demand, which would have sold for the lowest price?
Answers (1)
would frozen vegetables be considered a normal or inferior good?
Answers (1)
An airline has 81% of its flights depart on schedule. it has 69% of its flights depart and arrive on schedule. find the probability that a flight that departs on schedule also arrives on schedule. round the answer to two decimal places.
Answers (1)
Assume that Atlantic National Bank has demand deposits of $100,000 and no excess reserves, and that the reserve requirement is 10 percent. A customer withdraws $5,000 from the bank.
Answers (1)
How much money would you have to invest today, at an interest rate of 5% in order to reach your goal of $1,000,000 in 30 years? Assume no additional money is invested.
Answers (1)