Question

The Delos' adjusted gross income is $198,000 per year. The Delos' monthly

Answer 1

Answer:

Option “A". 25% , Yes” is correct answer.

Step-by-step explanation:

$Ratio=\dfrac{\text{Total monthly credit obligation}}{\text{gross monthly income}}$

 Total monthly credit obligation =$1,967.41+299+550+1,250=\ 4,066.41$

Monthly income=(round off)

Back end ratio is less 36% hence  bank will approve them for the mortgage.