ENTREPRENEURSHIP

Detailed explanation-1: -The total monthly debt obligation is the sum of the following: the housing payment for each borrower’s principal residence. if the subject loan is the borrower’s principal residence, use the PITIA and qualifying payment amount (see B3-6-03, Monthly Housing Expense for the Subject Property);

Detailed explanation-2: -The fixed monthly obligation includes: Existing EMI. Credit card payments. Rent payments.

Detailed explanation-3: -: a debt security (such as a mortgage or corporate bond) : a commitment (as by a government) to pay a particular sum of money. also : an amount owed under such an obligation.

Detailed explanation-4: -Definition: A liability is a financial debt or obligation that a company owes and that the company incurred in the course of doing business.