Finance
What is the debt-to-income (DTI) ratio used for in Kansas mortgage underwriting?
ATo calculate the property's appraised value
BTo measure the borrower's ability to repay the loan✓ Correct
CTo determine the property's tax assessment
DTo calculate the down payment required
Explanation
DTI ratio compares the borrower's monthly debt obligations to gross monthly income, helping lenders assess whether the borrower can afford the mortgage payments.
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