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Okay, let me give you a hypothetical situation.
Joe has recently gotten out of all debt. He maintains a credit card, but it gets paid off each month. He has a long credit history which contains a few late payments over the years, but nothing recent.
He makes in the area of US$70K/year (plus or minus US$20K), has one source of income, no properties of interest, no woman, and no kids.
What does a mortgage broker see in Joe? Please express your answer as a range, given the broad sweep of his possible income.
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