Brenda found out that reputable lenders use the 2836 rule, Financial Management

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Brenda found out that reputable lenders use the 2836 rule

Brenda found out that reputable lenders use the 28/36 rule when determining mortgage qualification. Brenda currently grosses $6,000 per month. From this she pays a $200 car payment; a personal loan of $100 and a student loan payment of $90. Based on this information, would Brenda qualify for a mortgage?

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Financial Management: Brenda found out that reputable lenders use the 2836 rule

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