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joe makes $79,000 a year income. According to the banker's rule; what is the max he can borrow for a mortgage?
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joe makes $79,000 a year income. According to the banker's rule; what is the max he can borrow for a mortgage?

User Adam Terlson
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1 Answer

3 votes

Answer:

Joe's total monthly mortgage payments — including principal, interest, taxes and insurance — shouldn't exceed $1,400 per month

Explanation:

User Roi Divon
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8.4k points
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