Dept to income (DTI) is the ratio which refers the percentage of the gross monthly income which is used to pay the monthly dept payment. The percentage a lender generally look for when considering the debt-to-income (DTI) ratio of a loan applicant is less than or equal to 36 percent. Thus option A is the correct option.
<h3>Dept to income ratio</h3>
Dept to income (DTI) is the ratio which refers the percentage of the gross monthly income which is used to pay the monthly dept payment. Dept to income ratio is a measure of financial that compare the amount of dept to the overall income.
A lender generally look some of the following things for when considering the debt-to-income (DTI) ratio of a loan applicant-
- Lender looks for a low dept-to-income because with small dept to income ratio can be successfully mange monthly payments.
- Lender prefer to look a 36 percent or smaller dept-to-income with not more than 28 percent of that dept going towards servicing your mortgage.
- Back end ratio must be no more than 36 percent(including all monthly dept) and front end ratio must be no more than 28 percent.
Hence the percentage a lender generally look for when considering the debt-to-income (DTI) ratio of a loan applicant is less than or equal to 36 percent. Thus option A is the correct option.
Learn more about the dept to income ratio here;
brainly.com/question/16087693
Answer:
6 pounds
Step-by-step explanation:
Answer:
40 mph
Step-by-step explanation:
why? bc 110/2.75 is 40
Answer:
Step-by-step explanation:
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The ending balance after these transactions is $ 59.25.
To find the ending balance after the transactions listed, the following calculation must be performed:
- $ 822.67
- + $ 227.45
- - $ 600.00
- + $ 50
- - $ 100
- - $ 200
- - $ 3.50
- - $ 2.50
- - $ 134.87
- 822.67 + (227.45 + 50) - (600 + 100 + 200 + 3.50 + 2.50 + 134.87) = X
- 822.67 + 277.45 - 1040.87 = X
- 1,100.12 - 1,040.87 = X
- 59.25 = X
Therefore, the ending balance after these transactions is $ 59.25.
Learn more about maths in brainly.com/question/16376325
