Ask Question
BusinessBusiness
1 August, 12:58

Many conservative consumer advocates said you should not pay more than 25% of your TAKE-HOME PAY on a mortgage payment

A. True

B. False

+5
Answers (1)
  1. 1 August, 15:52
    0
    True

    Explanation:

    There is a general consensus that one has to be very conservative and avoid spending more than 35 percent of pretax income on home insurance payment, property tax, and mortgage. However the conservative model clearly suggests that mortgage payment should not exceed 25 percent of take-home pay and any mortgage loan should not exceed a 15 year tenure.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Many conservative consumer advocates said you should not pay more than 25% of your TAKE-HOME PAY on a mortgage payment A. True B. False ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Nini, a police officer, wants to search the offices of Operational Business Corporation. She asks Judge Pearl to issue a warrant. Under the Fourth Amendment, no warrant for a search can be issued withouta. immunity. b. probable cause. c.
Answers (1)
Blair Madison Co. issues $2.8 million of new stock and pays $560,000 in cash dividends during the year. In addition, the company took advantage of falling interest rates to borrow $4.
Answers (1)
Choose the propaganda style that best fits the statement below. "I will promote growth that will bring us into the 21st century." glittering generalities name calling plain folks card stacking bandwagon patriotism testimonials
Answers (1)
Drivers from the salvage ship will try to
Answers (1)
Which of the following is not true of depreciation accounting? (a) Depreciation lowers the book value of the asset as it ages and its fair value declines.
Answers (1)
New Questions in Business
Assume the total cost of a college education will be $345,000 when your child enters college in 18 years. You presently have $73,000 to invest.
Answers (2)
Who among the following is a manager with good time-management skills? a. Jim, who completes tasks mostly through his own efforts to ensure consistency b. Lee, who performs at least five activities at a time to increase productivity c.
Answers (1)
Joseph ray just received an inheritance of $35,775 from his great aunt. he plans to invest the funds for retirement. if joseph can earn 4.
Answers (1)
The three types of manufacturing costs in a job order costing system include
Answers (1)
acuBlade Castings Inc. casts blades for turbine engines. Within the Casting Department, alloy is first melted in a crucible, then poured into molds to produce the castings.
Answers (1)
Home » Business » Many conservative consumer advocates said you should not pay more than 25% of your TAKE-HOME PAY on a mortgage payment A. True B. False
Sign Up Forgot Password?