Finance
The debt-to-income ratio used by mortgage lenders typically should not exceed what percentage for conventional loans?
A28% / 36%
B31% / 43%
C43% / 50%
D36% / 43%✓ Correct
Explanation
For conventional loans, lenders often use a guideline of 28% front-end (housing) ratio and 36% back-end (total debt) ratio, though current conventional guidelines can allow up to 43% or higher with compensating factors.
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