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QUESTION
Net monthly income: $5,000 Expected full mortgage payment (PITI): $2,000 Student loan payment: $350 Car payment: $200 Based on the above information,...
Net monthly income: $5,000
Expected full mortgage payment (PITI): $2,000
Student loan payment: $350
Car payment: $200
Based on the above information, answer the following questions:
What is this person's debt payments-to-income ratio?
What is this person's debt payments-to-income ratio when the full mortgage payment is included?
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