For the following mortgage application, calculate the housing expense ratio and the total expense ratio, rounding to the nearest tenth of a percent. $$\begin{array} { l l l l l l }
& \text { Monthly } & \text { Monthly } & \text { Other Monthly } & \text { Housing } & \text { Total } \
& \text { Gross } & \text { (PITI) } & \text { Financial } & \text { Expense } & \text { Obligations } \
\text { Applicant } & \text { Income } & \text { Expense } & \text { Obligations } & \text { Ratio } & \text { Ratio } \
\text { Jones } & \$ 1,800 & \$ 462 & \$ 116 & &
\end{array}$$

Question

For the following mortgage application, calculate the housing expense ratio and the total expense ratio, rounding to the nearest tenth of a percent. $$\begin{array} { l l l l l l } 
& \text { Monthly } & \text { Monthly } & \text { Other Monthly } & \text { Housing } & \text { Total } \
& \text { Gross } & \text { (PITI) } & \text { Financial } & \text { Expense } & \text { Obligations } \
\text { Applicant } & \text { Income } & \text { Expense } & \text { Obligations } & \text { Ratio } & \text { Ratio } \
\text { Jones } & \$ 1,800 & \$ 462 & \$ 116 & &
\end{array}$$

Quizplus · Accepted Answer

The Answer of For the following mortgage application, calculate the housing expense ratio and the total expense ratio, rounding to the nearest tenth of a percent. $$\begin{array} { l l l l l l } 
& \text { Monthly } & \text { Monthly } & \text { Other Monthly } & \text { Housing } & \text { Total } \
& \text { Gross } & \text { (PITI) } & \text { Financial } & \text { Expense } & \text { Obligations } \
\text { Applicant } & \text { Income } & \text { Expense } & \text { Obligations } & \text { Ratio } & \text { Ratio } \
\text { Jones } & \$ 1,800 & \$ 462 & \$ 116 & &
\end{array}$$

For the Following Mortgage Application, Calculate the Housing Expense Ratio