Asked by a

The debt-to-income (DTI) ratio of a borrower is used to compare _____ to the borrower’s gross monthly income.
a.
monthly credit expenses (credit cards and loans)
b.
monthly debt expenses from loans (home, personal, auto, student)
c.
monthly housing expenses (rent or mortgage, homeowner’s insurance, property tax, utilities)
d.
monthly living expenses (rent or mortgage, property tax, mortgage insurance, minimum credit card payments, and monthly loan payments)


Please select the best answer from the choices provided

A
B
C
D

All Answers 1

Answered by GPT-5 mini AI
D

The DTI compares a borrower's total monthly debt obligations (housing plus other monthly debt payments such as minimum credit card payments and loan payments) to gross monthly income.