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Jean is contemplating buying a home and would like to know how much mortgage she can afford. She is currently earning income of $75,000 per
Jean is contemplating buying a home and would like to know how much mortgage she can afford. She is currently earning income of $75,000 per year and was told that based on the house she was interested in, the monthly mortgage payment including taxes and insurance is approximately $1,850. jean has no other debts. How much annual income is required to qualify for this mortgage based on housing ratio of 28%?
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