Kai is reviewing a mortgage file involving Income Calculation Self Employed. Which response best follows the governing rule?
Correct Answer
D) Use CLTV when subordinate financing exists
LTV and DTI calculations support repayment and collateral analysis. The best answer is "Use CLTV when subordinate financing exists".
Why This Is the Correct Answer
LTV and DTI calculations support repayment and collateral analysis. The best answer is "Use CLTV when subordinate financing exists".
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