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30-04-2024
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Brandon is saving up to buy a house. He is debt-free, has three months of expenses saved in his emergency fund, and is renting while he saves up enough money for the down payment for a mortgage. His take-home pay is $60,000.

What is Brandon’s monthly take-home pay?
What is Brandon’s monthly take-home pay?
blank per month

per month
What is the maximum amount Brandon should plan to allot for a monthly mortgage payment?
What is the maximum amount Brandon should plan to allot for a monthly mortgage payment?
blank per month

per month
Why is it important that Brandon’s monthly mortgage payment is not more than 25% of his monthly take-home pay?

Answer :

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