Rex is planning to buy a house. His gross income is $72000 and his net income is $60000. The monthly expenses are $250 for property taxes and $150 for heat. The GDSR maximum approval ratio is 32% by his bank. Calculate his mortgage payments on the new house.

Answer rating: 100% (QA)

To calculate Rexs mortgage payments on the new house we first need to determine his maximu... View the full answer