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The Sum of Real Estate Taxes,insurance,and Interest and Principal Payments

Question 2

Multiple Choice

The sum of real estate taxes,insurance,and interest and principal payments on a mortgage should not exceed:


A) 14 percent of your total income.
B) 42 percent of your total income.
C) 28 percent of your total income.
D) 36 percent of your total income.
E) None of the above.

Correct Answer:

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