Finance
A Maryland buyer's debt-to-income ratio is calculated by dividing:
ATotal assets by monthly income
BTotal monthly debt payments by gross monthly income✓ Correct
CMonthly mortgage payment by net monthly income
DAnnual income by total debt
Explanation
DTI = Total monthly debt obligations (including the proposed mortgage) ÷ Gross monthly income. This ratio helps lenders assess the borrower's ability to repay.
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