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Mathematics, 21.04.2021 15:50 terencehouse

The Bradys have a gross annual income of $175,000 and have been pre-approved for a 30-year mortgage loan at 3.375% as long as the back-end ratio does not exceed 36% The house they want to buy costs $360,000 and they plan to make a down payment of 20%. Their research shows that the semi-annual property taxes for this house are $3,450. They quote from their insurance company is for a $1,290 annual premium. The Bradys currently have a $579 monthly car payment and their monthly credit card bills average $2,100. Will the bank agree to finance the Bradys' dream home?

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The Bradys have a gross annual income of $175,000 and have been pre-approved for a 30-year mortgage...
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