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Jane Doe earns $39,000 per year and has applied for a(n) $84,000, 25-year mortgage at 9 percent interest, paid monthly. Property taxes on the house

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Jane Doe earns $39,000 per year and has applied for a(n) $84,000, 25-year mortgage at 9 percent interest, paid monthly. Property taxes on the house are expected to be $2,400 per year. If her bank requires a gross debt service ratio of no more than 30 percent, will Jane be able to obtain the mortgage? Is Jane eligible for the loan

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