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Analyze/evaluate the following borrower’s profile to answer…

Posted byAnonymous February 3, 2026

Questions

Anаlyze/evаluаte the fоllоwing bоrrower’s profile to answer questions 1-2 Occupation:                                        Fireman (H) – Nurse (W)Income:                                               $150,000 annuallyFamily:                                                 3 children (8, 10, 12) Home:                                                 $600,000 Fair Market ValueHome Loan:                                       $540,000 = 90% Loan-to-ValueHome Debt Service Ratio                 45% Other Debt:                                        $160,000 (3 Cars, Boat, RV)Total Debt Service Ratio                   60%                                     Credit Score:                                       590Credit Card Debt:                               $25,000 Cash Emergency Fund:                      $1,000 Budget:                                                Not currently Retirement Savings:                           LowCollege Savings:                                 None A.  Is this borrower managing their finances well?  Cite supporting reasons?  B.  What would you recommend this borrower do to improve their finances?      

Tags: Accounting, Basic, qmb,

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