Home Mortgage Qualification You make $50,000 per year and you want to buy a home that costs

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Home Mortgage Qualification You make $50,000 per year and you want to buy a home that costs

$250,000. The bank says that you can qualify for a traditional 30-year 7 percent mortgage at 80 percent loan-to-value if the debt service is less than 25 percent of your monthly pre tax income. Do you qualify?

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