How did Cheyenne afford her house?
It’s likely that Cheyenne qualified for the loan due to a combination of factors like her income, credit score, and debt-to-income ratio. A good credit score can lead to lower interest rates on a loan, which in turn can make monthly payments more manageable. It’s also possible that she put down a significant down payment, which would have lowered the overall amount of the loan needed. Of course, the size of the loan also depends on the price of the house, which can vary widely depending on the location and the housing market. While we don’t know the specifics of Cheyenne’s financial situation, it’s clear that she was able to secure the financing necessary to purchase her dream home.
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