Business, 05.09.2020 07:01 oliviaboils

Rollin and Sandra want to buy a home priced at $265,000. They plan to finance this amount less the down payment required. Rollin and Sandra have a combined annual income of $83,600 and have saved $53,000. They have a recurring
debt of $582. Use a 20% down payment and the 28/36 ratio to determine if Rollin and Sandra are eligible for a loan. What
would you advise them to do if they are not eligible?

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Rollin and Sandra want to buy a home priced at $265,000. They plan to finance this amount less the d...