Mathematics, 01.09.2019 12:00, lorenzomendi1011

Giselle wants to buy a condo that has a purchase price of $163,000. giselle earns $2,986 a month and wants to spend no more than 25% of her income on her mortgage payment. she has saved up $33,000 for a down payment. giselle is considering the following loan option: 20% down, 30 year at a fixed rate of 6.25%. what modification can be made to this loan to make it a viable option, given giselle’s situation?

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Giselle wants to buy a condo that has a purchase price of $163,000. giselle earns $2,986 a month and...