Stefan and Patricia Would Like to Buy a Home,but They

question 88

Multiple Choice

Stefan and Patricia would like to buy a home,but they aren't sure how large a house payment they can afford.Their combined gross monthly income is $5,000,and they have a $425 education loan payment.Assuming a 38 percent back-end ratio,Stefan and Patricia qualify for a maximum total house payment of

• A)$1,000.
• B)$1,475.
• C)$1,900.
• D)$4,575.

---

Definitions:

Clinical

Relating to the observation and treatment of actual patients rather than theoretical or laboratory studies.

Rushing

The act of moving or doing something very quickly or in a hurried manner, often leading to mistakes or accidents.

Interview

A conversation where questions are asked by the interviewer to elicit facts or statements from the interviewee.

Appearance

Outward or visible persona that a person gives to other individuals.