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You are planning on starting your own business in 18 months and you intend to purchase a new home- You have looked carefully at your budget and have determined that you can afford a PITI of $900 per month- Your banker has told you that you can easily qualify for a PITI of $1,150 per month- Which of the following is the most reasonable explanation for this discrepancy?

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The three main similarities between mortgages and car loans are that both are: Installment loans. Types of secured loan. Have a fixed payment period


You are planning on starting your own business in 18 months and you intend to purchase a new home- You have looked carefully at your budget and have determined that you can afford a PITI of $900 per month- Your banker has told you that you can easily qualify for a PITI of $1,150 per month- Which of the following is the most reasonable explanation for this discrepancy?






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