Finance
A Maine lender's 'debt-to-income ratio' (DTI) requirement limits the borrower's total monthly debt payments to what percentage of gross monthly income for most conventional loans?
A28%
B36%
C43%✓ Correct
D50%
Explanation
For most conventional loans, lenders follow the qualified mortgage (QM) standard limiting total DTI to 43% or less. Some conventional loan programs (like Fannie Mae) allow up to 50% DTI with compensating factors.
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