Kiến thức vay thế chấp chungCâu 154 / 400
A common conventional qualifying guideline is a 28/36 ratio. For a borrower earning $6,000 gross monthly, what is the maximum total monthly debt (including PITI) under the 36 figure?
a.$1,680
b.$2,160
c.$2,000
d.$2,520
Giải thích
The 36 refers to a 36% back-end ratio: 36% x $6,000 = $2,160 maximum total debt. $1,680 is the 28% housing figure, not the total-debt limit.
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