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yanalaym [24]
3 years ago
9

What is front-end ratio and how do you figure it out?

Mathematics
1 answer:
Serggg [28]3 years ago
4 0

Answer:

The front-end ratio is calculated by dividing an individual's anticipated monthly mortgage payment by his/her monthly gross income. The mortgage payment generally consists of principal, interest, taxes, and mortgage insurance (PITI). Lenders use the front-end ratio in conjunction with the back-end ratio to determine how much to lend.

Step-by-step explanation:

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