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Updated about 11 years ago, 11/21/2013

Michael Dunn's profile image
Michael Dunn's profile image
Michael Dunn
  • from Olive Branch, Mississippi
  • Member since Oct 4, 2013
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452
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Michael Dunn's profile image
Michael Dunn's profile image
Michael Dunn
  • from Olive Branch, Mississippi
  • Member since Oct 4, 2013
Connect
Michael Dunn
  • Olive Branch, MS
10
Votes |
452
Posts
Buying & Selling Real Estate

Is multiplying the Purchase price by 7 a close....

Michael Dunn
  • Olive Branch, MS
Posted

estimate , as to what ( as an average ), you can expect your Monthly Mortgage payment to be ? I have heard from a Lender, that multiplying the Price at which you are willing to pay for a house by 7 , will give you a close estimate on what you can expect your monthly note to be ( this includes Interest, Taxes and Insurance ) all included in that monthly note ( PITI ) Thanks BP members - Michael

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