Ted Phillips has monthly take-home pay of $1,685; he makes payments of $410 a month on his outstanding consumer credit (excluding the mortgage on his home). How would you characterize Ted’s debt burden? What if his take-home pay were $850 a month and he had monthly credit payments of$150?

Kaleb Makes a salary of $5,000 per month and has no other loans. What maximum amount of monthly home paymment ( mortgage, insurance, and property tax) can he realistically afford? 1. $750 2. $1,500 3. $2,500 4. $2,750 5. $4,250

Michela Navarro has $3,956.71 in credit card debt. If she makes a monthly payment of $125 (and makes no additional charges on the account), how many months will it take to repay the debt if the annual interest rate on the credit card is 22.1%? Round up to the nearest month.

The monthly mortgage payment on Flynn‘s home is 690,084. Additionally they pay 1,598.57 in annual Real estate taxes and $627 per year in homeowners insurance what is the total amount of their entire monthly payment

Bob purchases a car for $28,000. He makes $640 a month payments for 36 months on a 6.9% interest loan. What is his balloon payment?

Carlos earns a gross income of $5,690 per month and applies for a mortgage with a monthly PITI of $1,251.80, Carlos has other financial obligations totaling $870.57 per month. If the lending ratio guidelines are as given in the table below. Lending Ratio Guidelines Mortgage Type Housing Expense Ratio Total Obligations Ratio 41% FHA Conventional 29% 28% 36% What type of mortgage, if any, would Carlos qualify for? O Carlos qualifies for an FHA mortgage under the lending guidelines, but not a conventional mortgage. O Carlos qualifies for a conventional mortgage under the lending guidelines, but not an FHA mortgage. O Carlos qualifies for both an FHA mortgage and a conventional mortgage under the lending guidelines. O Carlos qualifies for neither an FHA mortgage and a conventional mortgage under the lending guidelines.

Carlos earns a gross income of $5,580 per month and applies for a mortgage with a monthly PITI of $1,450.80. Carlos has other financial obligations totaling $764.46 per month. If the lending ratio guidelines are as given in the table below. Lending Ratio Guidelines Mortgage Type Housing Expense Ratio Total Obligations Ratio FHA 29% 41% Conventional 28% 36% What type of mortgage, if any, would Carlos qualify for? O Carlos qualifies for an FHA mortgage under the lending guidelines, but not a conventional mortgage. O Carlos qualifies for a conventional mortgage under the lending guidelines, but not an FHA mortgage. O Carlos qualifies for both an FHA mortgage and a conventional mortgage under the lending guidelines. O Carlos qualifies for neither an FHA mortgage and a conventional mortgage under the lending guidelines.

David held a loan of $2,400 for 6 months and was charged interest of $132.00. What was the annual simple interest rate on this loan?

Carlos earns a gross income of $5,680 per month and applies for a mortgage with a monthly PITI of $1,476.80. Carlos has other financial obligations totaling $675.92 per month. If the lending ratio guidelines are as given in the table below. Lending Ratio Guidelines Mortgage Type Housing Expense Ratio Total Obligations Ratio FHA 29% 41% Conventional 28% 36%   What type of mortgage, if any, would Carlos qualify for?   1. Carlos qualifies for an FHA mortgage under the lending guidelines, but not a conventional mortgage   2. Carlos qualifies for a conventional mortgage under the lending guidelines, but not an FHA mortgage.       3. Carlos qualifies for both an FHA mortgage and a conventional mortgage under the lending guidelines.   4. Carlos qualifies for neither an FHA mortgage and a conventional mortgage under the lending guidelines.

The​ Adeeva's gross monthly income is ​$5200. They have 18 remaining payments of $350 on a new car. They are applying for a 15​-year, ​$119,000 mortgage at 7.5​%. The taxes and insurance on the house are ​$270 per month. The bank will only approve a loan that has a total monthly mortgage payment of​ principal, interest, property​ taxes, and​ homeowners' insurance that is less than or equal to​ 28% of their adjusted monthly income. Complete parts​ (a) through​ (c) below.   ​a) Determine​ 28% of the​ Adeeva's adjusted monthly income. round to nearest cent