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Chapter 5 Financial Planning Exercise 5 Determining maximum affordable mortgage payment and the borrower's total monthly installment loan payments ( including the mortgage payment )
Chapter
Financial Planning Exercise
Determining maximum affordable mortgage payment and the borrower's total monthly installment loan payments including the mortgage payment cannot exceed percent to percent of monthly gross income.
$
Would it make any difference if they were already making monthly installment loan payments totaling $ on two car loans?
Maximum mortgage payment they could make would be $
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