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MORTGAGE MORTGAGE 6. Given these details, $350,000 home price, a 30-year mortgage with 10% down at 4.0% fixed rate, what is the monthly Payment expected

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MORTGAGE 6. Given these details, $350,000 home price, a 30-year mortgage with 10% down at 4.0% fixed rate, what is the monthly Payment expected on this mortgage? 7. Given these details, $110,000 annual salary, a monthly car payment $328 and a student loan payment of $230, calculate the maximum monthly payment approved without the need of sending the application to a committee for deliberation If the rule used is 30%; and would you receive likely approval for a mortgage with a $2,800 monthly payment with no bad entries on your credit report given the 30% rule

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