Mandy has an annual salary of $37,580. Each month she has a car payment of $265 and a student loan of $120. If she applies for a home loan, how likely is it Mandy will be approved based on her debt-to-income ratio?
a.
Very likely; recurring debt is less than what is allowed.
b.
Somewhat likely; recurring debt is equal to what is allowed.
c.
Not likely; recurring debt is higher than what is allowed.
d.
There is not enough information given to determine the answer.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Mandy has an annual salary of $37,580. Each month she has a car payment of $265 and a student loan of $120. If she applies for a home loan, ...” in 📘 Mathematics 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
Always sometimes never: one angle in a triangle is more than 90° Always Sometimes Never
Answers (1)
Mandy's new baby sister weighs 8 1/2 lb. when mandy was born, she weighed 116 oz. what is the difference in their two birth weights? give your answer in oz
Answers (1)
The half-life of a certain radioactive material is 71 hours. An initial amount of the material has a mass of 722 kg. Write an exponential function that models the decay of this material. Find how much radioactive material remains after 17 hours.
Answers (1)
What is the best clarification of - 60 in the real number system
Answers (1)
Earle says that m X (-1) is always equal to m = (-1), for all rational values of m. Is he correct?
Answers (1)
New Questions in Mathematics
On a trip, you had to change your money from dollars to British pounds. You got 560560 pounds for 800800 dollars. Which is a unit rate that describes the exchange?
Answers (1)
15. A bottling company produces 7,200 cans of iced tea per day. How many 12-can cartons can be filled? A 6 cartons B 60 cartons C 600 cartons D 700 cartons
Answers (1)
Celia and Ryan are starting a nutrition program. Celia currently consumes 1200 calories a day and will increase that number by 100 calories each day. Ryan currently consumes 3230 calories a day and will decrease that number by 190 each day.
Answers (1)
Solve the division problem round answer to nearest hundredth 9.2/52.063
Answers (1)
Roland rented a truck when he moved. He paid a $105 rental fee, 0.20 per mile and a 10% insurance fee on top of the rental fee. If he drove the truck 325 miles, how much did he pay
Answers (1)