Answered

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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.

Sagot :

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Answer:

the 0.28 company

Step-by-step explanation:

0.28 is smaller than 0.3 and 0.28 still costs the same amount of money as 0.3

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