What percentage will a bank use as the upper limit for debt


1. What percentage will a bank use as the upper limit for debt payments (as a percentage gross income) including mortgage?

a) 43% b) 33% c) 28% d) 48%

2. T/F A mortgage over 15 years has a lower monthly payment than a 30 year mortgage?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What percentage will a bank use as the upper limit for debt
Reference No:- TGS02307599

Expected delivery within 24 Hours