Question: Ginger and Horace are looking to refinance their current home. Ginger makes $15.50 an hour at 40 hours a week, and Horace makes $80,000 a

Ginger and Horace are looking to refinance their current home. Ginger makes $15.50 an hour at 40 hours a week, and Horace makes $80,000 a year. Their proposed monthly mortgage payment is $1,000 and their liabilities total $500 a month.

What is their gross monthly income?

What are their front-end and back-end DTI ratios?

You MUST show your work to receive credit for this assignment.

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