You work for a lending institution and are tasked with whether or not to approve a home loan. all applicants are required to have a 20% down payment, and the standard 28/36 ratio is used the loan application is for $230,000. you see that the applicant has an annual salary of $83,000 and a savings account balance of $50,000. the applicant also has a car payment of $315, a student loan of $140 and a boat loan of $96.
+3
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You work for a lending institution and are tasked with whether or not to approve a home loan. all applicants are required to have a 20% ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » You work for a lending institution and are tasked with whether or not to approve a home loan. all applicants are required to have a 20% down payment, and the standard 28/36 ratio is used the loan application is for $230,000.