Finance
The 'debt-to-income ratio' (DTI) used by NC mortgage lenders compares:
AThe property's NOI to its market value
BThe borrower's total monthly debt payments to gross monthly income✓ Correct
CThe loan amount to the property value
DThe borrower's assets to total liabilities
Explanation
DTI = Total monthly debt obligations (including proposed housing payment) divided by gross monthly income, expressed as a percentage. Lenders use DTI to assess repayment ability.
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