Finance
What is the debt-to-income (DTI) ratio that most conventional lenders prefer to not exceed for a borrower's total monthly debt?
A28%
B36%
C43%✓ Correct
D50%
Explanation
Most conventional lenders prefer a total (back-end) DTI ratio of 43% or less for conventional loans. The front-end ratio (housing expenses only) is typically limited to 28%.
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