Finance
A Mississippi borrower's debt-to-income (DTI) ratio is 45%. Most conventional lenders prefer a DTI no higher than:
A28%
B36%
C43%✓ Correct
D50%
Explanation
While lenders vary, most conventional lenders prefer a total DTI ratio of 43% or less. Higher DTI ratios indicate the borrower may have difficulty meeting all debt obligations if income decreases.
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