You are getting ready to buy a house, but want to ...

You are getting ready to buy a house, but want to determine if you can afford it.  You did a bit of research and found that the new lending guidelines require that your mortgage (including the principal, interest, taxes and insurance payments) must be less than 28% of your income.  Additionally, your debt to income ratio must be less than 36%. This includes all your debt payments – loans, child support, credit cards, this new mortgage, etc.

You realize that these “guidelines” are actually percentages – ratios and rational numbers.  Before asking a lender, you can do the math yourself to see if you qualify!  Using the info below, determine if you can qualify for a mortgage on each of the properties listed below.

Use Excel’s PMT function to calculate the monthly mortgage payment (principal and interest).

Discuss at least 3 mathematical concepts that you used to complete this assignment.

Determine if you qualify for a mortgage on each of the properties, according the mortgage lending guidelines stated above.

Synthesize your process, research, and results in the Conclusion

Get professional help with your research essay paper today from our student essay service. For all your Academic Essay/ Research/ Thesis/ Dissertation/ writing needs at an affordable price. 100% authenticity and on-time delivery/ Overnight delivery/ 6 hours delivery. Try our services and we assure you of getting a good grade in your coursework, Term Paper, Research Paper, Thesis, or Dissertation. Order this paper and enjoy a 20% discount today