Question: how to solve Wendy and Greg are applying for a new home loan. They are asking to borrow $204,805. Combined Wendy and Greg make $123,741

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Wendy and Greg are applying for a new home loan. They are asking to borrow $204,805. Combined Wendy and Greg make $123,741 annually. The monthly mortgage payment on the house they like is $1,365. The homeowner's insurance is $556 semi-annually and property taxes are $520 quarterly. What would Wendy and Greg's front end ratio be? Round your answer to the nearest percent. State your answer without the percent signStep by Step Solution
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