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In the process of deciding whether to extend a mortgage loan to a prospective borrower, lenders typically examine three elements, more commonly referred to as
In the process of deciding whether to extend a mortgage loan to a prospective borrower, lenders typically examine three elements, more commonly referred to as the "three C's." Which of the following metrics does a bank use to evaluate the collateral piece of the loan agreement? Multiple Choice payment-to-income ratio credit score housing expense ratio o o loan-to-value ratio
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