This is an affordability ratio that compares the cost of owning or renting a home and payments

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This is an affordability ratio that compares the cost of owning or renting a home and payments on all other outstanding debts to the borrower's gross income.

Gross debt service ratios

Total debt service ratios

Home acquisition ratio

Mortgage debt ratio

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Dec 22, 2023 05:17 AM

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This is an affordability ratio that compares the cost of owning or renting a home and payments

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Income Tax Fundamentals 2013

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