Finance
The 'debt-to-income ratio' (DTI) used by Louisiana mortgage lenders compares:
AProperty debt to property income
BThe borrower's total monthly debt payments to their gross monthly income✓ Correct
CThe lender's debt portfolio to total assets
DMonthly rent income to mortgage payment
Explanation
DTI = Total Monthly Debt Payments ÷ Gross Monthly Income. Lenders use DTI to assess a borrower's ability to manage monthly payments.
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