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Joe Smith earns $30000 a year. He pays $100 a month for a student loan and has a $250 per month car payment. Joe is considering buying a home that would annually cost $6000 for the mortgage - $2 - 400 for property taxes - and $360 for homeowners insurance. Will Joe qualify for a mortgage?

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Joe Smith earns $30000 a year. He pays $100 a month for a student loan and has a $250 per month car payment. Joe is considering buying a home that would annually cost $6000 for the mortgage - $2 - 400 for property taxes - and $360 for homeowners insurance. Will Joe qualify for a mortgage?






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