1 minus 3/8 = 5/8 7/11 minus 3/11 = 4/11 3(whole) and 4/5 minus 2(whole) and 1/5 = 1 and 3/5 11(whole) and 3/4 minus 3(whole) and 1/5 = 8 and 11/20 6(whole) and 1/2 minus 5 = 1 and 1/2. rocktricia Â· 7 years ago.
From Wikipedia, the free encyclopedia. Chattel mortgage, sometimes abbreviated CM, is the legal term for a type of loan contract used in some states with legal systems derived from English law. Under a typical chattel mortgage, the purchaser borrows funds for the purchase of movable personal property (the chattel) from the lender. The lender then secures the loan with a mortgage over the chattel.
Simple Definition : Debt-To-Income (DTI) Debt-to-Income (DTI) is a lending term which describes a person's monthly debt load as compared to their monthly gross income. Mortgage lenders use Debt-to-Income to determine whether a mortgage applicant can maintain payments a given property. DTI is used for all purchase mortgages and for most refinance transactions. It can be used to answer the question How Much Home Can I Afford? Debt-to-Income does not indicate the willingness of a person to make their monthly mortgage payment. It only measures a mortgage payment's economic burden on a household. Most mortgage guidelines enforce a maximum Debt-to-Income limit. Verify your mortgage eligibility (Feb 20th, 2018) Calculating income for a mortgage approval