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A mortgage applicant who has a monthly gross income of $4,770 applies for a mortgage...

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Accounting

A mortgage applicant who has a monthly gross income of $4,770 applies for a mortgage with monthly PITI of $1,669.50. The applicant's other financial obligations total $281.43 per month. (Use the ratio guidelines from your text) What type of mortgage, if any, would the applicant qualify for?

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