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Use the ratio guidelines

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Lucerne earns a gross income of $5,500 per month and applies for a mortgage with a monthly PITI of $1,244. Lucerne has other financial obligations totaling $829 per month. (Use the ratio guidelines from your text) What type of mortgage, if any, would Lucerne qualify for?

  • FHA only
  • FHA and Conventional
  • Conventional only
  • None

Reference no: EM131319770

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