Finance
An Oregon borrower's monthly housing PITI payment is $2,100. Their gross monthly income is $7,000. What is their front-end (housing) DTI ratio?
A25%
B30%✓ Correct
C35%
D40%
Explanation
Front-end DTI = Monthly housing payment ÷ Gross monthly income = $2,100 ÷ $7,000 = 0.30 = 30%.
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