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MrMuchimi
2 years ago
9

A borrower is purchasing a three-family, owner-occupied rental property. Rental income will be $2,000 (verified only by leases).

The PITIA on the property is $2,350. The borrower has a gross monthly income of $5,760 and monthly debt payments of $625. What are the ratios for this loan
Business
1 answer:
ololo11 [35]2 years ago
7 0

LTV= principal amount/ market value of your property.

what is a Loan ratio - Financial institutions utilize the Loan-to-Value Ratio (LTV) to determine the lending risk before approving a mortgage for the purchase of real estate.
26:10
Rental income will be $2,000 (verified only by leases)
The PITIA on the property is $2,350
The borrower has a gross monthly income of $5,760
monthly debt payments of $625.
Pitia refers to the following items: principal, interest, taxes, insurance, including hazard and flood insurance, as well as homeowners' association or condominium dues, although it excludes mortgage insurance charges.
Debt payment is the action of returning money you have borrowed. m making debt payments is difficult and a lot of people struggle to make their debt payments.
To learn more about Loan ratio please refer to - brainly.com/question/15582030
#SPJ4

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Monitor role

Explanation:

According to Henry Mintzberg, in monitor role , a manager regularly seek out information related to his organization and industry, looking for relevant changes in the environment. He also monitors his team, in terms of both their productivity, and their well-being.

6 0
4 years ago
TCBW last year had an average collection period (days sales outstanding) of 33 days based on accounts receivable of $350,000. Al
sergeinik [125]

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$296,969.70

Explanation:

Days of sales outstanding = number of days in a period / receivables turnover

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with the new policy and same revenue :

28 = 365  / receivables turnover

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3 years ago
Why is the interest rate of a loan one of the most important things to consider when shopping around for loans?
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<span>The interest rate can drastically change the total amount paid to the lender</span>
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A bond that pays interest semiannually has a coupon rate of 5.44 percent and a current yield of 4.91 percent. The par value is $
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Answer:

Results are below.

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<u>We weren't provided with the number of years of the bond. I imagine for 9 years.</u>

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Bond Price​= 391.93 + 646.25

Bond Price​= $1,038.18

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3 years ago
What’s a department store?
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