Business, 01.06.2021 15:40 thedocgalloway

An applicant is applying for a $150,000 mortgage at 6% interest. The monthly payment (principal and interest only) is $899.33. Property taxes are $3,000 per year. Homeowners insurance premiums are $500 annually. The Homeowners Association dues will be $35 per month. The applicant has student loan payments of $50 per month; credit card payments of $45 per month, cell phone bills of $90 per month; cable television bills of $75 per month and a car payment of $325 per month. The applicant earns $55,000 per year. What would be the applicant's Housing Ratio:

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An applicant is applying for a $150,000 mortgage at 6% interest. The monthly payment (principal and...

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