Definition
Debt-to-Income Ratio
Total monthly debt obligations divided by gross monthly income. The primary affordability measure in underwriting.
Nearby terms
Credit Utilization
Revolving balances as a percentage of available credit.
Debt Service Coverage Ratio
Gross rental income divided by PITIA.
Deed
The legal instrument transferring ownership of real property from one party to another.
Deed in Lieu of Foreclosure
Voluntarily transferring the property to the lender to satisfy the debt and avoid foreclosure proceedings.
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