Mathematics, 06.11.2020 23:20, yanicas

Rollin and Sandra want to buy a home priced at $265,000. They plan to finance this amount less the down payment required. Rollin and Sandra have a combined annual income of $83,600 and have saved $53,000. They have a
recurring debt of $582. Use a 20% down payment and the 28/36 ratio to determine if Rollin and Sandra are eligible for
a loan. What would you advise them to do if they are not eligible?

Answers: 3

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Rollin and Sandra want to buy a home priced at $265,000. They plan to finance this amount less the d...