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:
10c-40d+30
Step-by-step explanation:
( 2 )( 15 + -20d + 5c )
( 2 ) ( 15 ) + ( 2 ) ( -20d ) + ( 2 ) ( 5c )
30 - 40d + 10c
Answer:
smaller = 8
larger = 17
Step-by-step explanation:
Answer: an=8+(n-1)(-6) .
Step-by-step explanation:
Answer:
<u>Length of 1 piece= Length of total divided by 8</u>
Step-by-step explanation:
Length of total= 5.24 feet long
Width of total= 1.34 feet wide
Width is divided by 1 line so, there are 2 parts.
Width= 1.34 divided by 2
Width= 0.67 feet wide
Length is divided by 7 lines, so there are 8 parts.
Length= 5.24 divided by 8
Length=0.655 feet long
They are asking for formula to find the length of each piece
<u>Length of 1 piece= Length of total divided by 8</u>
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Hope that helps!
