real estate finance
Max and Seymour are purchasing their first home using a VA guaranteed mortgage loan. Both have full entitlement. Their combined GMI is $1900.00. Their other monthly obligations total $200. What housing expense payment can they qualify for? _________ They are also using VA fina...
real estate finance
Frank and Mary are buying a home for $187,500. Their Good Faith Estimate indicates they will be paying $2200 in closing costs and prepaid expenses plus they want to do a permanent buy-down on their interest rate and will be paying 2 1/2 discount points. They are making a 20% d...
real estate finance
Nevermind, I figured it out myself.
real estate finance
1. Erin and Melissa have a combined annual gross income of $180,000. Their combined monthly long term debt is $900. What housing expense (mortgage payment) can they qualify for using standard Fannie/Freddie qualifying guidelines$______? What will be their total debt ratio?%______
real estate finance
done
real estate finance
Sue is appraising a property using the cost approach. The and (if vacant) has a value of $90,000. The house was built in 1982, has 2300 square feet and she has estimated it has an economic life of 90 years. The replacement cost on this type of construction is $120/sq. ft. What...
real estate finance
figured it out
real estate finance
Jay has an annual income of $50,000. He would qualify for a $__________ monthly payment for housing + other long-term debt on an FHA loan. I have the GMI, but I'm not sure as to how to find the monthly payment. Do I multiply the GMI by 28% in order to get the monthly payment?
real estate finance
$1,892.75 thank you
real estate finance
The annual insurance premium on Maria Snyder's house is $2,074 and the annual property tax is $1,403. If her monthly principal and interest payment is $1,603, find the adjusted monthly payment including principal, interest, taxes, and insurance (PITI).
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