Finance
A Wyoming buyer's debt-to-income ratio (DTI) is calculated as:
ATotal assets divided by total liabilities
BMonthly debt payments divided by gross monthly income✓ Correct
CAnnual income divided by annual debt payments
DLoan amount divided by property value
Explanation
DTI = Total Monthly Debt Payments ÷ Gross Monthly Income. Lenders use DTI to evaluate a borrower's ability to manage monthly debt obligations. Conventional loans typically require a DTI of 43% or less.
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