Property taxes on house are expected to be 1200 per year if

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Jane Doe earns $30,000 per year and has applied for an $80,000, 30-year mortgage at 8 percent interest, paid monthly. Property taxes on the house are expected to be $1.200 per year. if her bank requires a gross debt service ratio of no more than 30 percent, will Jane be able to obtain the mortgage?

Reference no: EM13478562

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