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A borrower's back-end debt-to-income ratio is 52%, above program guidelines. Which action could most directly help the borrower qualify?
a.Pay off or pay down a car loan and credit cards to lower monthly debt
b.Order a second appraisal
c.Increase the loan amount requested
d.Change the property address
Giải thích
The back-end ratio includes all monthly debts. Paying off or paying down installment and revolving debts lowers the numerator and reduces the ratio, improving qualification. A second appraisal or a larger loan does not lower the debt-to-income ratio.
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