An investor borrows $100,000 at 5 % ( 30-year FRM). Exactly 5 years later, she pays down the principal amount by $15,000. Approximately how long will it now take to fully amortize (pay off) the mortgage? 218 months or about 18 years 196 months or about 16 years 188 months or about 15% years 211 months or about 17 % years 236 months or about 19% years Question 6 10 pts Using the residential mortgage-debt to income ratio of 28% , and total-debt to income ratio of 36%, what is the largest loan (with a 30-year FRM at 6 % ) you can qualify for if you make $36,000a year and have outstanding debt with $400/month payments? $113,418 $140,107 $150,112 $155,616 $126,762