Ginger and Horace are looking to refinance their current home. Ginger makes $15.50 an hour at 40

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Ginger and Horace are looking to refinance their current home. Ginger makes $15.50 an hour at 40 hours a week, and Horace makes $80,000 a year. Their proposed monthly mortgage payment is $1,000 and their liabilities total $500 a month.

What is their gross monthly income?

What are their front-end and back-end DTI ratios?

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Related Book For answer-question

Personal Financial Planning

ISBN: 978-1259277184

2nd edition

Authors: Lewis J. Altfest

See More Books

Posted Date: May 30, 2023 07:55 AM

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Ginger and Horace are looking to refinance their current home. Ginger makes $15.50 an hour at 40

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Gross Monthly Income Gingers weekly income 1550hour 40 hoursweek 620week To convert Gingers income t... View the full answer

Personal Financial Planning

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