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Referring to question #16, suppose they want to buy a home using a 95% LTV, 30 year fixed rate mortgage at 4.25% and the sale

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Referring to question #16, suppose they want to buy a home using a 95\% LTV, 30 year fixed rate mortgage at 4.25% and the sale price is $175,000. Will they qualify?? ( 8 points ) Jackie has total fixed monthly expenses of $1,430 and her gross monthly income is $3,925. What is her total debt-to-income ratio? ( 2 points )

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