Narrative 14-2
For problems in this section, use Table 14-1 from your text to find monthly mortgage payments.
-Refer to Narrative in your text 14-2. Melanie James has made application for a mortgage with a monthly PITI of $424.50. She has other financial obligations of $171 per month. If she earns a gross income of $1,500 per month, what type of mortgage would Melanie qualify for, if any? (Use the ratio guidelines from your text)

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The Answer of Narrative 14-2
For problems in this section, use Table 14-1 from your text to find monthly mortgage payments.
-Refer to Narrative in your text 14-2. Melanie James has made application for a mortgage with a monthly PITI of $424.50. She has other financial obligations of $171 per month. If she earns a gross income of $1,500 per month, what type of mortgage would Melanie qualify for, if any? (Use the ratio guidelines from your text)

Narrative 14-2 For Problems in This Section, Use Table 14-1 from Your