Which of the following is also known as the back-end ratio?
A)ARM Ratio.
B)Debt-to-Income Ratio.
C)PITI Ratio.
D)Savings Ratio.

Question

Quizplus · Accepted Answer

Debt-to-Income Ratio is also known as the back-end ratio as it considers all debt payments (including mortgage payments) in relation to a borrower's income. The other options, ARM Ratio, PITI Ratio, and Savings Ratio, are not synonymous with back-end ratio.

Which of the Following Is Also Known as the Back-End