1 QUESTION If your gross income is OMR6700 per month, what is the maximum amount that a lender will allow for housing using the 28/36 debt-to-incomc ratio? what is the amount of housing loan you can get for repayment in 20 years? interest rate is 4.2% 4 MARKS QUESTION 2 Muna is planning to purchase a home for OMR 79,000. She will make a 25% down payment. Closing costs are estimated at 4.41% of the mortgage. How much cash will she need at closing? 3 MARKS QUESTION 3 Ilassan is purchasing a home for OMR 58000. He is making a 14% down payment and will sign an 18-year mortgage. His monthly mortgage payment will be OMR 550.356. How niuch will be pay over the life of the mortgage? How much will he pay in interest? 3 MARKS