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Florida Real Estate Course
Chapter 14
Florida Real Estate Practice Question
What are the recommended maximum qualifying ratios for a conventional mortgage?
Answer choices
A
31% HER and 43% TOR
B
28% HER and 36% TOR
C
29% HER and 41% TOR
D
20% HER and 80% TOR
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Mortgage Types and Qualification: A Florida Study Guide
All chapter guides
What changes with an adjustable-rate mortgage?
Why is APR often higher than the mortgage interest rate?