Brenda found out that reputable lenders use the 2836 rule, Ask an Expert

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Brenda found out that reputable lenders use the 28/36 rule when determining mortgage qualification. Brenda currently grosses $6,000 per month. From this she pays a $200 car payment; a personal loan of $100 and a student loan payment of $90. Based on this information, would Brenda qualify for a mortgage?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91772008

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