Answered

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As you rule, you should not spend more than______of your pre-tax dollars on housing?

Sagot :

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Answer:

36%

Explanation:

According to this rule, a household should spend a maximum of 28% of its gross monthly income on total housing expenses and no more than 36% on total debt service, including housing and other debt such as car loans and credit cards. Lenders often use this rule to assess whether to extend credit to borrowers.

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