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Mariana [72]
3 years ago
8

When qualifying a buyer using the Fannie Mae guidelines, what is the ratio allowed for the amount of money for housing expense c

ompared to GMI
Business
1 answer:
vfiekz [6]3 years ago
8 0

Answer:

28%

Explanation:

Most mortgage lenders, including Fannie Mae, use the 28/36 rule. That rule states that a family should spend no more than 28% of the gross monthly income (GMI) on housing expenses, and pay no more than 36% of GMI to cover debts (mortgage payments are included in this 36%).

Statistics show that households that do not comply with the 28/36 rule, tend to have difficulty paying back loans.

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The career you pick in middle or high school is the one you will stick with your whole life.
frez [133]

Answer: B. False

Explanation: If you chose a specific career and go for it until the end of high school you’ll probably have more knowledge in it but you can change your career by doing different curriculums during college or in the summer.

8 0
2 years ago
Read 2 more answers
Large investors known as __________________________ are organizations such as pension funds, mutual funds, insurance companies,
VARVARA [1.3K]

Institutional investors are large investors who invest their own money as well as other people's money. Examples of these institutions include pension funds, mutual funds, insurance companies, and banks.

<h3>What do you mean by institutional investors?</h3>

A business or organization that makes investments on behalf of customers or members is known as an institutional investor. Examples of institutional investors include endowments, mutual funds, and hedge funds. Institutional investors are frequently under less regulatory scrutiny and are thought to be savvier than the common investor.

Institutional investors come in a variety of forms, including banks.

  • Credit unions.
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  • Insurance organizations.
  • Hedging funds
  • Funds for venture capital.
  • Investment funds.
  • Trusts that invest in real estate.

To know more about institutional investors, visit: brainly.com/question/14317890

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4 0
1 year ago
In order to undertake problem solving, the first step must be:________.
Mumz [18]
It’s definitely not A in my opinion, i believe it is b
6 0
3 years ago
On June 30, Nance Company receives a $5,000, 90-day, 4% note from a customer as payment on her account. How much interest will b
DedPeter [7]

Answer:

50$

Explanation:

5000 x 4% x 90/360 = 50$

5 0
2 years ago
Compared to a sole proprietorship, which of the following is considered an advantage of a general partnership?
Slav-nsk [51]

Answer:

C. division of profits among owners  

Explanation:

in partnership only, individuals dont have to pay taxes since each partner files the profits or losses on their personal income tax return.

6 0
4 years ago
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