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Financial advisors use a general rule that your monthly payment for your home mortgage should not be more than 1/3rd your monthly income. Use the
Financial advisors use a general rule that your monthly payment for your home mortgage should not be more than 1/3rd your monthly income. Use the amount Amari has left to spend (Monthly Net Total) from number 20 (assuming he does not need to pay the health expenses) to calculate his monthly income. Discuss whether Amari will be able to afford his dream house in number 22. Give details to justify your reasoning and discuss Amaris options. All verbal responses must be in complete sentences. Your response should be at least 6 sentences.
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