Question: Question 1 6 ( 3 points ) Lenders calculate how much debt you can afford, based on a reasonable percentage. This percentage is of your

Question 16(3 points)
Lenders calculate how much debt you can afford, based on a reasonable percentage. This percentage is of your monthly gross income that should go toward your monthly housing costs, or principle, interest, taxes, and insurance (PITI), but not other debt:
20 percent
25 percent
33 percent
38 percent
Question 1 6 ( 3 points ) Lenders calculate how

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