Preview File Edit View Go Tools Window Help Screen Shot 2021-03-07 a 1044.34 PM The...

60.1K

Verified Solution

Question

Finance

image
image
Preview File Edit View Go Tools Window Help Screen Shot 2021-03-07 a 1044.34 PM The current market value of a home is $208000 with a mortgage balance of $145600. If the lender requires a 75% loan to value ratio what is the home equity credit limit on this house? $46800 $156000 $109200 $10400 Screen Shot 2021-03-07 at 10.44.34 PM Sharon is considering a consolidation loan from her community bank, and according to the banker's guidelines, total monthly debt payments are allowed to be just 21% of your after-tax monthly income. If her net income is $4000 per month, how much can she afford to pay in monthly payments? $420 $840 $1500 $3000 Screen Shot 2021-03...4.54 PM review File Edit View Go Tools Window Help @ JMP 15 MAC untitled folder Screen Shot 2021-03-07 at 10.44,54 PM View Policies Current Attempt in Progress Betty has accumulated $50000 in student loans which are payable over 13 years at an annual interest rate of 5.0%. If the lender requires month-end payments, what will Betty's monthly payments be? $415.74 $436.53 $434.72 $320.51

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students