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If rick has monthly expenses that total $2600 and he makes $6900 a month what is his debt to income ratio? Will the bank give him mortgage based on this information?

If rick has monthly expenses that total $2600 and he makes $6900 a month what is his debt to income ratio? Will the bank give him mortgage based on this information?
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if rick has monthly expenses that total $2600 and he makes $6900 a month what is his debt to income ratio? Will the bank give him mortgage based on this information?

User Jrrdnx
by
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1 Answer

2 votes
The ratio would be 2600:6900 The bank will not give him mortgage because he has enough money to pay off the debt.
User TechySharnav
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