Ask Question
BusinessBusiness
8 February, 22:45

What is the best explanation of "debt-to-income" ratio?

+1
Answers (2)
  1. 8 February, 23:34
    0
    A low debt to income ratio is a good balance in debt income and a high debt income ain't very good and is hard to live off of
  2. 9 February, 00:23
    0
    A low debt-to-income ratio demonstrates a good balance between debt and income. Lenders like the number to be low because, according to studies of mortgage loans, borrowers with a lower debt-to-income ratio are more likely to successfully manage monthly debt payments.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is the best explanation of "debt-to-income" ratio? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
There is no relationship between the level of education received and lifetime earnings. TRUE FALSE
Answers (1)
Raven has successfully added her location to Google My Business. She knows she has options for verification, including use of a phone call or e-mail. How else can she verify her location?
Answers (1)
Most people in the United States A. have plenty of insurance. B. do not need insurance. C. are not at financial risk. D. are either uninsured or underinsured.
Answers (1)
Cycle Wholesaling sold merchandise on account, with terms n/60, to Sarah's Cycles on February 1 for $1,250 (cost of goods sold of $725).
Answers (1)
Flagg records adjusting entries at its December 31 year end. At December 31, employees had earned $8,800 of unpaid and unrecorded salaries. The next payday is January 3, at which time $22,000 will be paid.
Answers (1)
New Questions in Business
Which of the following terms addresses the problem when introducing a new product line could steal sales away from an existing product line? A. EnhancementB. cannibalizationC. PaybackD. DiscountingE. None of the above
Answers (1)
Which position most likely requires a master's degree for success? Computer Programmer Website Designer IT Project Manager Computer Scientist
Answers (1)
Gloria's employer deducted 20 percent of her pay in the month of january due to personal problems he had with her. under the lilly ledbetter fair pay act, what period of time does gloria have to file an employment discrimination claim
Answers (1)
The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers $ 470,000 Interest on notes receivable 10,500 Collection of notes receivable 52,000 Sale of investments 32,000 Issuance of
Answers (1)
Which of the following statements describes an element of process costing systems? A. Total conversion costs include direct labor and manufacturing overhead costs included in beginning inventory and added to production during the period. B.
Answers (1)
Home » Business » What is the best explanation of "debt-to-income" ratio?
Sign Up Forgot Password?