Kiến thức vay thế chấp chungCâu 127 / 400
A borrower's gross monthly income is $10,000 and the proposed PITI is $2,800. What is the front-end (housing) ratio?
a.25%
b.30%
c.28%
d.35%
Giải thích
Front-end ratio = $2,800 / $10,000 = 28%. The other percentages do not equal PITI divided by gross income.
Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- On most FHA loans, the borrower pays an upfront mortgage insurance premium plus what?
- A home appraises at $250,000 and the borrower takes a loan of $187,500. What is the LTV?
- A home is worth $400,000. The first mortgage is $280,000 and a second mortgage is $40,000. What is the CLTV?
- Gross monthly income is $5,000. PITI is $1,300 and other monthly debts are $700. What is the back-end DTI?
- P&I is $1,500/month, annual taxes are $4,800, and annual insurance is $1,800. There is no mortgage insurance. What is the monthly PITI?
- A borrower pays 1.5 discount points on a $320,000 loan. What is the dollar cost of the points?
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với NMLS SAFE Mortgage Loan Originator National Test · Quy trình kiểm tra