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Bessie has an annual salary of $51,360. Each month she has a car payment of $210 and a student loan of$50. If she applies for a home loan, how likely is it Bessie will be approved based on her debt-to-income
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Bessie has an annual salary of $51,360. Each month she has a car payment of $210 and a student loan of$50. If she applies for a home loan, how likely is it Bessie will be approved based on her debt-to-income ratio?

User Mohamedrias
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8.5k points

2 Answers

4 votes
Every month she makes 4280 usd. $51,360/12 months...she pays her debt ($260) a month.....she will be approved. 1:16 Ratio
User Jan Schmitz
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7.8k points
1 vote

a. very likely

good luck!

User Billbris
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8.3k points
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