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Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322 Exercise 17
The numerator of the standard housing expense (front-end) ratio in home loan underwriting includes:
A) Monthly principal and interest.
B) Monthly principal, interest, and property taxes.
C) Monthly principal, interest, property taxes, and hazard insurance.
D) All of these plus monthly obligations extending 10 months or more.
A) Monthly principal and interest.
B) Monthly principal, interest, and property taxes.
C) Monthly principal, interest, property taxes, and hazard insurance.
D) All of these plus monthly obligations extending 10 months or more.
Explanation
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The correct response is option C. Monthl...
Real Estate Principles 3rd Edition by David Ling,Wayne Archer
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