Hannah has determined that her net worth is $60,000. She has also determined that the face value of her mortgage is $160,000. She has determined that the face value of the rest of her debt is $30,000. What is Hannah's debt-to- equity ratio?
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- Raya Mancillas has determined that her net worth is $54,000, excluding her home. She owes $78,000 on her mortgage and $15,000 on a car loan. What is Raya's debt-to-equity ratio?X and Y own a home recently appraised for $317,400. The balance on their existing mortgage is $214,074. If their bank is willing to loan up to 70% of the appraised value, what is the amount of credit available to them (in $)?Chris and Karen have a combined take-home income of $5,000. Their total monthly payments on consumer debt are $875. What is their debt safety ratio? Are they exhibiting any sign of approaching credit problems?
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