document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=78662>Question 78662</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Factors for Loan qualification:\r<BR>\n" );
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document.write( "1.Front-end ratio should not exceed      Conventional    VA       FHA<BR>\n" );
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document.write( "                                            0.28         N/A     0.29<BR>\n" );
document.write( "2.Back-end ratio should not exceed          0.36         0.41     0.41\r<BR>\n" );
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document.write( "3.Credit Score should be 650 or higher.\r<BR>\n" );
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document.write( "Suppose a family has a gross monthly income of $2229. What is the maximum monthly debt payment that would meet the back-end ratio qualification for a conventional loan?\r<BR>\n" );
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document.write( "A)$646.41<BR>\n" );
document.write( "B)$913.89<BR>\n" );
document.write( "C)$802.44<BR>\n" );
document.write( "D)$624.12 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #56407 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=56407\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> max month debt payment = (back-end ratio)*(gross monthly income)<BR>\n" );
document.write( "mmdp = 0.36*2229= $802.44<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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