Principal,interest,and Property Taxes on a Mortgage Are $1209,with Heating Costs

question 75

Multiple Choice

Principal,interest,and property taxes on a mortgage are $1209,with heating costs of $68 and condo fees of $180 monthly.The borrower also has a student loan with $100 monthly payments.If the gross debt service ratio required is 32 percent,what will be the lowest monthly income that will qualify for the mortgage financing?

• A)$4272
• B)$4553
• C)$3991
• D)$4584

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A legal doctrine that holds a party responsible for their actions without the need to prove fault or negligence.

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A professional operator of a truck or large vehicle, responsible for transporting goods and materials from one location to another.

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