Mathematics, 17.10.2021 01:00 jackie533

PLEASE HELP! Suppose two mortgage companies compare the ratio of the monthly mortgage payment to the total monthly income as their metric. Suppose 0.3 is the ideal metric for the debt-to-income ratio for Company A, and 0.28 is the ideal metric for the debt-to-income ratio for Company B. Provided the target mortgage payment is the same for either company, then which of these mortgage companies requires a greater monthly income? Explain. Company requires a greater monthly income.

The mortgage debt-to-income ratio of is less than.

Therefore if it is a goal to keep the mortgage payment the same, then Company would require a greater monthly income than Company

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PLEASE HELP! Suppose two mortgage companies compare the ratio of the monthly mortgage payment to the...