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Jorge has applied for a mortgage loan to purchase his own ho…

Jorge has applied for a mortgage loan to purchase his own home. His credit score is well above the minimum 640 required by the lender. The appraised value of the house is $280,000 and purchase price of the house is $285,000. The maximum loan to value the mortgage lender allows is 95%. The mortgage lender’s maximum front-end debt ratio allowed is 29% and maximum back-end debt ratio allowed is 41%.The lender is charging a one (1)-point origination fee and that is included in the total closing costs. Jorge’s Total Gross Monthly income is S13,000.00 The proposed monthly PlTl is $3,650.00 Jorge’s total other monthly debt: $1,550.00 Based on this information, what is Jorge’s back-end debt to income ratio? (Round your answer to two decimal places).  

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 Jorge has applied for a mortgage loan to purchase his own h…

 Jorge has applied for a mortgage loan to purchase his own home. His credit score is well above the minimum 640 required by the lender. The appraised value of the house is $285,000 and purchase price of the house is $295,000. The maximum loan to value the mortgage lender allows is 95%. The mortgage lender’s maximum front-end debt ratio allowed is 29% and maximum back-end debt ratio allowed is 41%.The lender is charging a one (1)-point origination fee and that is included in the total closing costs.  Closing costs total $5,000. How much will the lender lend to Jorge if they go to the maximum loan to value %?

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 Jorge has applied for a mortgage loan to purchase his own h…

 Jorge has applied for a mortgage loan to purchase his own home. His credit score is well above the minimum 640 required by the lender. The appraised value of the house is $285,000 and purchase price of the house is $295,000. The maximum loan to value the mortgage lender allows is 95%. The mortgage lender’s maximum front-end debt ratio allowed is 29% and maximum back-end debt ratio allowed is 41%.The lender is charging a one (1)-point origination fee and that is included in the total closing costs.  Closing costs total $5,000. Based on the information above, how much money will Jorge have to come up with to finalize the purchase if the bank lends him the full loan to value amount?

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Looking at the code snippet below, how many lines are going…

Looking at the code snippet below, how many lines are going to output in the result?  Just type in the number (e.g. 0, 1, 2, 3) DECLARE   x  NUMBER(2) := 5;   y  NUMBER(2) := 10; BEGIN   IF (x

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A factor favoring the success of disruptive innovation is th…

A factor favoring the success of disruptive innovation is that             

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Which of the following does not reflect a good understanding…

Which of the following does not reflect a good understanding of what strategy is?  

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How are the critical assumptions of the resource-based model…

How are the critical assumptions of the resource-based model of a firm fundamentally different from the way in which a firm is viewed in the perfectly competitive industry structure?            

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With regard to IT businesses’ decision to pursue penetrate p…

With regard to IT businesses’ decision to pursue penetrate pricing or freemium strategy, which of the following statements is not true?

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When companies that manufacture shipping containers want to…

When companies that manufacture shipping containers want to buy iron ore, the purchase decision is solely based on price. This is because there are a large number of sellers in the iron ore industry, and iron ore is a highly undifferentiated commodity. Which of the following industry competitive structures does the iron ore industry best illustrate?  

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Salmonella causes which of the following?

Salmonella causes which of the following?

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