Hope is applying for an FHA loan to purchase a $360,000 condominium. Her proposed monthly mortgage payment is $1,850 and she has a $500 car payment and a $350 student loan payment. Using the fixed payment to income ratio, what would be her minimum monthly income in order to afford this loan?
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Hope is applying for an FHA loan to purchase a $360,000 condominium. Her proposed monthly mortgage payment is $1,850 and she has a $500 car ...” 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 » Hope is applying for an FHA loan to purchase a $360,000 condominium. Her proposed monthly mortgage payment is $1,850 and she has a $500 car payment and a $350 student loan payment.