Based on the lender's underwriting requirements, what is the maximum loan amount available for a...
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Based on the lender's underwriting requirements, what is the maximum loan amount available for a property with a forecasted net operating income of $78,000. Current interest rates are 10 percent with a term of 25 years with monthly payments. If the lender uses a debt service coverage ratio (DSCR) of 1.2 for underwriting, what is the maximum loan amount, rounded to the nearest $1,000? $780,000 $585,000 $650,000 $596,000 $840,000
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