Question
Payment to income ratio is BEST described as: A. The factor used to determine if interest on mortgage loans is tax deductible B. The only
Payment to income ratio is BEST described as:
| A. | The factor used to determine if interest on mortgage loans is tax deductible |
| B. | The only measure of a borrowers ability to fulfill his or her loan obligations |
| C. | The ratio of the estimated rental income to the expected payments on a rental property |
| D. | The ratio of the expected payments on a property to the income of the borrower |
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International Financial Reporting A Practical Guide
Authors: Alan Melville
6th edition
1292200743, 1292200766, 9781292200767, 978-1292200743
