Gina would like to apply for a loan, but knows that her current debt-to-income (DTI) ratio will keep her from being approved. Her current monthly debt includes a rent payment of $950. 00, a car payment of $238. 00, a student loan payment of $149. 00, and two credit cards with a combined minimum monthly payment of $78. 0. The bank requires a DTI of 36% in order to approve Gina?s loan application. What would Gina's gross monthly income need to be to get approved for the loan? a. At least $2,855. 56 b. At least $2,638. 89 c. At least $3,713. 89 d. At least $3,930. 56.
