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 borrowe |
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
