Question: What is the maximum loan amount that the borrower would qualify for if they use a 3 0 - year mortgage to purchase the property

What is the maximum loan amount that the borrower would qualify for if they use a 30-year mortgage to purchase the property that has a 5.5% interest rate and their annual income is $113,000? Use a maximum front-end ratio of 30%The annual property taxes on the condo are $6,000, property insurance is $50/month, and the condo association dues are $750/month.

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