Including volatile food and energy prices, the PCE index jumped 3.6% year over year and 0.6% from March.

I'm in the last section of the pre-licensure course going over adjustable-rate mortgages (ARM).

Purchase price: $78,000 Cash invested: $25,000 Pre-foreclosure property.

I've been pre-approved for a property up to $200k.

When I ran a flight kitchen overseas, we had crusts, cheese, sauce, toppings, etc and employees to get the pizzas done but we were also focused on getting a large variety of foods out, not just pizza, but I digress.What I’m trying to understand is the mathematical language.  

Due to my cheap assery, preferably like to keep our mortgage within 1/6th to 1/8th of take home pay, and set our pre-approval for about $50k less than the listed price (house flipping intentions).

Yes, it is common to ask for leases, ledgers, full applications packages during due diligence, should be part of your PA too (for next time).If you buy it, you can start from square one with applications, qualifying and new leases and you will be set. 

Not sure if there's anything along these lines in your jurisdiction but check your disclosure package before you pay a lawyer to do anything.   

I have saved about 25k and been pre-approved for 430K and will be using the VA loan for my first purchase of owner occupancy.

Hello, I currently have 2 separated Pre-approval letters from 2 different lenders. 1 from a mortgage broker and another from a credit union.