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John Shrein's Answers


Looking to Buy - 1st Time Buyer
Were you approved for a purchase price of $395k or a loan amount of $395k? Say your annual income is $88k. Divided by 12, that makes your monthly income $7,333.33. Finding 49% of your monthly income (49% is a common Debt To Income ratio limit), that comes to $3,593.33. Now deduct your $2k debt: that...

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