Traditional home mortgage underwriting is said to rest on three elements, the "three C's." The housing expense ratio is one tool that lenders will use to address concerns associated with which of the "three C's?"

Question

Quizplus · Accepted Answer

The housing expense ratio is a tool used by lenders to assess a borrower's capacity to take on additional debt. The other two "three C's" are collateral and creditworthiness.

Traditional Home Mortgage Underwriting Is Said to Rest on Three