Using the standard 28/36 guidelines, what is the maximum mortgage payment allowed for someone with an annual salary of $60,750?
2 answers:
rule says that 28 % of your total income should be spent on Housing finances and 36 % of your gross total income should be spend for Debts.
Annual Salary = $ 60,750
Maximum mortgage payment=28% of $ 60,750
Maximum ,mortgage payment allowed for someone with an annual salary of $60,750= $ 1,701.00→→→Option (C)
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