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Please help me solve this problem thank you! - Jim has a annual income of $250,000. - Jim is looking to buy a house with
Please help me solve this problem thank you!
- Jim has a annual income of $250,000. - Jim is looking to buy a house with monthly_property taxes of $100 and monthly. homeowner's insurance of $125. He also has $258 in monthly student loan payments. - Mes Bank has a maximum front-end PTI limit of 28% and a maximum backend PTI limit of 36%. Both limits must be satisfied. - Mes Bank is offering a fully amortizing 30-year FRM at an annual rate of 8.5%, with monthly payments, compounded monthly. Mes Bank will allow Jim to spend at most $ per month on mortgage payments (principal and interest)Step by Step Solution
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