1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MrMuchimi
1 year 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]1 year 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

You might be interested in
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
Karolina [17]

Answer:

C.opportunity cost

Explanation:

this is super easy

3 0
3 years ago
Abby dies, and her good friend, clay is appointed to administer abby's estate. abby's house was in poor condition, so clay orall
antoniya [11.8K]
<span>The contractor can collect from the estate only.  The contractor and Clay made an agreement only in oral form, not in written agreement.  So, the contractor could not got after Clay.  </span>
5 0
3 years ago
How can a person become a dentist​
Shtirlitz [24]

Explanation:

It generally takes eight years to become a dentist: four years to earn a bachelor's degree as an undergraduate and four years to earn a DDS or DMD in dental school. If you're interested in specializing, you'll also need to complete a dental residency (more on that below).

brainliest please

8 0
2 years ago
Price discrimination is a rational strategy for a profit-maximizing monopolist when.
MrRa [10]

Answer:

5 is the

Explanation:

ihnbhbis the answer

4 0
1 year ago
Mortar Corporation acquired 80 percent of Granite Corporation's voting common stock on January 1, 20X7. On December 31, 20X8, Mo
Lubov Fominskaja [6]

Answer:

The debit adjustment to equipment would be $30,000.

Explanation:

Amount received for the equipment by Mortar from Granite - $370,000

Purchase price of the equipment = $400,000

Debit adjustment to equipment = Purchase price of the equipment - Amount received for the equipment by Mortar from Granite = $400,000 - $370,000 = $30,000

Therefore, the debit adjustment to equipment would be $30,000.

8 0
2 years ago
Other questions:
  • During the last year, Globo-Chem Co. generated $1,053.00 million in cash flow from operating activities and had negative cash fl
    6·1 answer
  • Which type of inflation occurs when prices are high, then drop due to lower demand, and then are restored to a previous high lev
    15·1 answer
  • High levels of brand ________, or the extent to which consumers feel they are "in sync" with the Fox News brand and engagement i
    10·1 answer
  • High levels of inventory hide problems within a production system. Some of the problems that high inventory hide are quality pro
    5·1 answer
  • Suppose public authorities were contemplating locating a hazardous waste incinerator in a particular community. If the members o
    7·1 answer
  • Cyclical unemployment arises when:______.
    8·1 answer
  • A clothing retailer offers a larger
    8·2 answers
  • Which of the following colors is highly variable and can be either cool or slightly warm, depending on how it is used?
    9·1 answer
  • What would bill fall under, he applied and acquired for a new credit card and uses it regularly?
    9·1 answer
  • Economists study international trade or trade between countries. List which countries you think are the top four trading partner
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!