Question: Using the maximum ratios for a conventional mortgage: a. How big a monthly payment could the Ross family afford if their gross (before-tax) monthly income

Using the maximum ratios for a conventional mortgage: a. How big a monthly payment could the Ross family afford if their gross (before-tax) monthly income amounted to $3,200? b. Would it make any difference if they were already making monthly installment loan payments totaling $525 on two car loans?

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