A.It is required by government regulation.
B.It indicates the safety of the loan.
C.It indicates the value of the property
2006-12-13 08:38:07 · 7 answers · asked by pretty smile 2 in Business & Finance ➔ Credit
B
2006-12-13 08:39:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The answer is B because many lenders offer programs that are no ratio, meaning one of the two numbers to determine the debt ratio don't need to be disclosed (income).
And it has nothing to do with the value of the property.
DTI stands for Debt-to-Income ratio, and refers to your total monthly liabilities divided by your total monthly gross income.
Learn about mortgage, credit, and finance:
http://www.thetruthaboutmortgage.com
2006-12-13 09:25:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
the answer is B. Lenders use the debt coverage ratio to determine if an income producing property has sufficient income to cover the operating expenses and debt service.
2006-12-13 09:08:35 · answer #3 · answered by aleish 2 · 0⤊ 0⤋
Go to a mortgage broker. They deal with B lenders for specifically this dilema. They are fee and can get you what you need
2016-05-23 20:29:23 · answer #4 · answered by ? 4 · 0⤊ 0⤋
It is used to determine if you have the capacity to payback the loan.
2006-12-13 08:40:16 · answer #5 · answered by Anonymous · 0⤊ 0⤋
"B", I guess, although no loan is safe.
2006-12-13 08:42:15 · answer #6 · answered by FeelingPurple 2 · 0⤊ 0⤋
B
2006-12-13 17:21:58 · answer #7 · answered by tianaramal 4 · 0⤊ 0⤋