In general,the maximum ratio the lender would like to see on a PITI to Monthly Gross Income is?
A)30%
B)28%
C)33%
D)25%

Question

Quizplus · Accepted Answer

The maximum ratio that the lender would like to see on PITI (principal, interest, taxes and insurance) to monthly gross income is 28%. This means that the total of these expenses should not exceed 28% of the borrower's monthly gross income. This is generally considered to be a safe and manageable ratio for most borrowers. However, this may vary depending on the lender's underwriting guidelines and the borrower's financial situation.

In General,the Maximum Ratio the Lender Would Like to See