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Answer the following questions: 1. Distinguish between the two rules of thumb that lenders use to assess housing affordability. 2. When using a Realtor why

Answer the following questions:

1. Distinguish between the two rules of thumb that lenders use to assess housing affordability.

2. When using a Realtor why should you be cautious when working with a sellers agent?

3. Distinguish between a conventional mortgage loan and an adjustable rate loan.

4. List some advantages of selling a home yourself.

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