Essay
If a lender requires that mortgage payments cannot exceed 30% of gross income and total loan payments cannot exceed 38% of gross income,calculate the monthly payment for which a person with the following financial data could qualify.
Correct Answer:
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$5,500 * 0.3 = $1,650
$5,500 *...View Answer
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Correct Answer:
Verified
$5,500 *...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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