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1 1 . Can I afford this home? - Part 1 Can Maria and Sam Afford This Home Using the Monthly Income Loan Criterion? Next
Can I afford this home? Part
Can Maria and Sam Afford This Home Using the Monthly Income Loan Criterion?
Next week, your friends Maria and Sam want to apply to the Fifth State Bank for a mortgage loan. They are considering the purchase of a home that is expected to cost $ Given your knowledge of personal finance, theyve asked for your help in completing the Home Affordability Worksheet that follows. Note: When completing the form, round each dollar amount to the nearest whole dollar.
To assist in the preparation of the worksheet, Maria and Sam also collected the following information:
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