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Real Estate Practice : Lesson 215
                                                           
Frederick and Marlene Silverman have a monthly housing expenditure of 1500 dollars, their monthly credit card payments equal 200 dollars, and they have a car note of 225 dollars.
They have a monthly income of 5500 dollars.
What is their debt to income ratio ?
Please take your time. The solution is posted below the wildlife photo.
 
A. 35%
To find the debt to income ratio add the housing expenses to all of the other monthly debt expenses and then divide the total of the monthly expnses by the monthly income.
1500 housing+200 credit cards+225 car note=1925 total monthly expenses/ divided by5500 monthly income=0.35 or 35% debt to income ratio
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