Question
Jay has an annual income of $50,000. He would qualify for a $__________ monthly payment for housing + other long-term debt on an FHA loan.
I have the GMI, but I'm not sure as to how to find the monthly payment. Do I multiply the GMI by 28% in order to get the monthly payment?
I have the GMI, but I'm not sure as to how to find the monthly payment. Do I multiply the GMI by 28% in order to get the monthly payment?
Answers
tmouery
figured it out