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Example: “Each month, I spend $800 on rent, $150 on utilities, $150 on car insurance, $300 on my car payment, $150 on gas, $400 on groceries, $60 on streaming services, $300 on student loan ...
Based on the 28% rule, your household should aim for an before-tax monthly income of $7,714 — or an annual gross income of about $92,568 ($7714 x 12) — to comfortably afford a $300,000 mortgage.
A mortgage-backed security (MBS) is a type of asset-backed security (an "instrument") which is secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy.
For example, in 2008 Economist Paul Krugman erroneously claimed that Fannie and Freddie "didn't do any subprime lending, because they can't; the definition of a subprime loan is precisely a loan that doesn't meet the requirement, imposed by law, that Fannie and Freddie buy only mortgages issued to borrowers who made substantial down payments ...
Piyush "Bobby" Jindal (born June 10, 1971 [1]) is an American politician who served as the 55th governor of Louisiana from 2008 to 2016. A member of the Republican Party, Jindal previously served as a U.S. representative from Louisiana from 2005 to 2008, and served as chair of the Republican Governors Association from 2012 to 2013.
Jazz is a productivity suite similar to Lotus Symphony for MS-DOS that was bundled with a word processor, a spreadsheet program, a database manager, a graphics editor, and telecommunications software. The software package was planned for a March 1985 release, but ended up shipping in August, selling for $595 (equivalent to $1,686 in 2023).
The United States has a highly developed mixed economy. [44] [45] [46] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [47]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [10]