Scott & Rebecca can afford to pay $3,500.00 each month for a mortgage. Their credit union is offering home loans at 4.375%. If they take out a 35-year mortgage how much can they afford to borrow?
Heidi & Peter can only afford $1,750.00 per month for a mortgage. Their credit union is also offering home loans at 4.375%. If they take out a 35-year mortgage how much can they afford to borrow?