________ calculate income ratios such as the PTI to assess the applicant's ability to pay. These ratios compare the ________ that the applicant would have to pay if the loan is granted to the applicant's monthly income.

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Lenders calculate income ratios such as the PTI (Payment-to-Income) ratio to determine the applicant's ability to pay. These ratios compare the monthly payment that the applicant would have to make if the loan is granted to the applicant's monthly income. Therefore, the correct options are C (Lenders; monthly payment) and D (Borrowers; annual payment) is incorrect as it does not accurately describe the calculation of income ratios.

________ Calculate Income Ratios Such as the PTI to Assess