Scott & Rebecca can afford to pay $3,000.00 each month for a mortgage. Their credit union is offering home loans at 4.625%. If they take out a 30-year mortgage how much can they afford to borrow? Heidi & Peter can only afford $1,500.00 per month for a mortgage. Their credit union is also offering home loans at 4.625%. If they take out a 30-year mortgage how much can they afford to borrow? Looking back, what effect did cutting the payment in half have? O Increased the principal by more than half Reduced the principal by exactly half Looking back, what effect did cutting the payment in half have? O Increased the principal by more than half O Reduced the principal by exactly half O Reduced the principal by more than half O Doubled the principal