Understanding debt ratios helps you see what lenders see. It brings clarity when planning your budget and purchase price. 𝗡𝗮𝘁𝗵𝗮𝗻 𝗗𝗲𝗺𝗲𝗿𝘀 - 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗕𝗿𝗼𝗸𝗲𝗿 📱 604-989-3507 📩 nathan.demers@mortgageslab.ca 🌐 NathanDemers.ca #NathanDamers #SunshineCoastRealEstate #MortgageBrokerSunshineCoast #SunshineCoastInvesting #CoastalLivingDreams #BCMortgageExpert #NovaScotiaRealEstate #RentalPropertyNovaScotia #InvestInNovaScotia #MaritimeInvesting #NovaScotiaMortgageBroker #RealEst
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How to solve discount points problems on the real estate exam. Here are the steps: 1) find the loan amount. You can find the loan amount by multiplying the sales price by the LTV Ratio. ($225,000 x 75%) 2) Now that you have the loan amount, you can apply the points. ($168,750 x 2.5%) 3) Thats it! You got this 🤓 #discountpoints #discountpointsexplained #realestateexam
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