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Real estate → Home mortgages and real estate financing → Real estate closing costs
ANSWERS: 1
  • Official Know-It-All
    The size of a mortgage that a borrower can purchase is based upon his income and debt to income ratio. The mortgage payment should be no more than 30 percent of his monthly income and his overall debt to income ratio should be less than 50 percent.

    Source:

    Mortgage Calculator

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