Mortgage do you quality for given mortgage guidelines

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Suppose your gross yearly income is $45,000. You are considering buying a house that presently has taxes and insurance of $2,640 per year. In addition, you presently have automobile and student loa payments of $400 per month. If the current 30 year fixed rate mortgages have an annual interest rate of 5.4%, how much of a mortgage do you quality for given mortgage guidelines?

Reference no: EM131176527

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