The correct response is:
a measurement used by lenders to measure a borrower’s ability to repay a loan.
What is a debt-to-income ratio?(1 point)
Responses
a percentage of the loaned funds paid to the lender by the borrower in addition to the principal
a percentage of the loaned funds paid to the lender by the borrower in addition to the principal
the borrower’s monthly income divided by the borrower’s monthly payments
the borrower’s monthly income divided by the borrower’s monthly payments
the value of the borrower’s assets that determine the borrower’s financial worth
the value of the borrower’s assets that determine the borrower’s financial worth
a measurement used by lenders to measure a borrower’s ability to repay a loan
1 answer