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Cristal’s gross semimonthly salary is $2968. 50. What is the maximum amount she can afford to borrow for a home mortgage?.

Respuesta :

Based on Cristal's gross semimonthly salary, the maximum mortgage she can borrow is $142,488

What is the maximum mortgage that can be borrowed?

This can be found by the formula:

= Gross semimonthly salary x 24 x 2

Solving gives:

= 2,968.50 x 24 x 2

= $142,488

In conclusion, she can borrow $142,488.

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