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Homes Ronting and Buying Workaheet P/100 Version 1 6. Debt paymentsto-income ratios will likely be considered as you apply for a mortgage. The Focus on

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Homes Ronting and Buying Workaheet P/100 Version 1 6. Debt paymentsto-income ratios will likely be considered as you apply for a mortgage. The Focus on Personal Finance ted sggests keeing fia ratio teow 20% A mortgage wider wil have ter own rato for all debt payments, including mortgage-toinoome ratio, before they will oonsider approval Using this information, nswer the questions and show your ealiculations in the table below . Net monety icon84000 Expected fuil mortgage payment (PIT $1,000 . Student loan payment: $200 . Car payment $300 Enter your caloulation and What is this person's debt payments-to- ncome ratio? What is this person's debt payments to ncome ratio when the full mortgage payment is inoluded? the mortgage lender required total payment to noone rato below 40%. would this person meet that standard? the mortgage lender required total what is the maximum monthly payments standard

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