{"id":64898,"date":"2021-10-24T23:15:54","date_gmt":"2021-10-24T23:15:54","guid":{"rendered":"https:\/\/papersspot.com\/blog\/2021\/10\/24\/answer-and-explain-the-following-question\/"},"modified":"2021-10-24T23:15:54","modified_gmt":"2021-10-24T23:15:54","slug":"answer-and-explain-the-following-question","status":"publish","type":"post","link":"https:\/\/papersspot.com\/blog\/2021\/10\/24\/answer-and-explain-the-following-question\/","title":{"rendered":"Answer and explain the following question"},"content":{"rendered":"<p>Elmo has applied for a mortgage loan to purchase his own home. His credit score is well above the <br \/>minimum 640 required by the lender. The appraised value of the house is $280,000 and purchase price of the house is $285,000. The maximum loan to value the mortgage lender allows is 95%. The mortgage lender&#8217;s maximum front-end debt ratio allowed is 29% and maximum back-end debt ratio allowed is 41%.The lender is charging a one (1)-point origination fee and that is included in the total closing costs. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elmo has applied for a mortgage loan to purchase his own home. His credit score is well above the minimum 640 required by the lender. The appraised value of the house is $280,000 and purchase price of the house is $285,000. The maximum loan to value the mortgage lender allows is 95%. The mortgage lender&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[14],"class_list":["post-64898","post","type-post","status-publish","format-standard","hentry","category-research-paper-writing","tag-finance"],"_links":{"self":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/64898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/comments?post=64898"}],"version-history":[{"count":0,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/64898\/revisions"}],"wp:attachment":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/media?parent=64898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/categories?post=64898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/tags?post=64898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}