Finance
The debt-to-income (DTI) ratio used in mortgage underwriting compares:
AThe property's value to the loan amount
BThe borrower's monthly debt payments to gross monthly income✓ Correct
CThe property taxes to the sale price
DThe down payment to the interest rate
Explanation
The DTI ratio divides total monthly debt obligations (including the proposed mortgage payment) by the borrower's gross monthly income to assess repayment ability.
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