Question: You currently earn $ 8 4 , 0 0 0 per year and the bank will allow you to have a 3 2 % coverage

You currently earn $84,000 per year and the bank will allow you to have a 32% coverage ratio (monthly mortgage parment relathe to monthly income). Assuming that you have no other debt, what is the maximum amount you can borrow assuming a 30-year loan with a stated annual rate of 6.75%.
You currently earn $ 8 4 , 0 0 0 per year and the

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