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Back End Ratio Assignment

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February 25th, 2020

15. Jose has an adjusted gross income of $56,430. He is looking at a new house that would have a monthly mortgage payment of $960. His annual property taxes would be $2,560, and his semi-annual homeowner’s premium would be $546. He has a used car payment of $150 every month and a monthly credit card payment of $90. Find his back end ratio to the nearest percent and assuming he has good credit would a bank offer him a loan? Explain. Get Finance homework help today

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