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Jane Doe earns $52,200 per year and has applied for a(n) $96,000, 30-year mortgage at 8 percent interest, paid monthly. Property taxes on the house

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Jane Doe earns $52,200 per year and has applied for a(n) $96,000, 30-year mortgage at 8 percent interest, paid monthly. Property taxes on the house are expected to be $6,000 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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