Finance
The debt-to-income (DTI) ratio used in Utah mortgage qualifying compares:
AThe property value to the loan amount
BThe borrower's total monthly debt obligations to their gross monthly income✓ Correct
CThe property's NOI to its purchase price
DThe down payment to the loan amount
Explanation
DTI compares total monthly debt payments (housing + all other debts) to gross monthly income. Lenders use DTI to assess whether the borrower can afford the loan.
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