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Question 4 (1 point) You have the following information about a mortgage borrower in Michigan. All data is per month. Pretax income = $6000 Mortgage

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Question 4 (1 point) You have the following information about a mortgage borrower in Michigan. All data is per month. Pretax income = $6000 Mortgage payment - $1200 Property tax and homeowners insurance = $200 Mortgage insurance premium = $200 Expected utilities = $300 Credit card minimum monthly payment = $600 Auto loan, with 30 remaining payments = $400 Student loan, with 3 remaining payments = $200 The back-end ratio is ________ higher than the front-end ratio. 16.7% oo 13.3% O 10% Previous Page Next Page Page 4 of 50

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