You apply for a mortgage and the lender will allow you to spend up to 30%...
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You apply for a mortgage and the lender will allow you to spend up to 30% of your annual income for housing costs. These housing costs will include your mortgage, property taxes, and insurance. Your income is $1,635 every two weeks. If you apply for the loan, how much can your maximum monthly payment be? You apply for a mortgage and the lender will allow you to spend up to 30% of your annual income for housing costs. These housing costs will include your mortgage, property taxes, and insurance. Your income is $1,635 every two weeks. If you apply for the loan, how much can your maximum monthly payment be?
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Answer rating: 100% (QA)
ANSWER Annual Income 1635 x 26 weeks 42310 Max Monthly Payment ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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