What ratios are used to determine whether borrowers have the economic ability to repay a mortgage? O a. Both a and b O b. Housing expense ratio Oc. Both b and c O d. Total obligations ratio O e. Working capital ratio
What ratios are used to determine whether borrowers have the economic ability to repay a mortgage? O a. Both a and b O b. Housing expense ratio Oc. Both b and c O d. Total obligations ratio O e. Working capital ratio
Chapter1: Making Economics Decisions
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Transcribed Image Text:What ratios are used to determine whether borrowers have the economic ability to repay a mortgage?
O a. Both a and b
O b. Housing expense ratio
Oc. Both b and c
O d. Total obligations ratio
O e. Working capital ratio
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