You are a mortgage broker at Interamerican Bank. One of your clients, Bill Cramer, has submitted an application for a mortgage with a monthly PITI of $1,259. His other financial obligations total...

Extracted text: You are a mortgage broker at Interamerican Bank. One of your clients, Bill Cramer, has submitted an application for a mortgage with a monthly PITI of $1,259. His other financial obligations total $654.50 per month. Bill earns a gross income of $4,890 per month. a. What is his housing expense ratio? b. What is his total obligations ratio? c. According to the lending ratio guidelines (given in this secion of your text), for what type of mortgage would Bill qualify, if any? d. If Bill decided to get a part time job so that he could qualify for a conventional mortgage, how much additional monthly income would he need?