Meaning Back-end ratio
What does Back-end ratio mean? Here you find 3 meanings of the word Back-end ratio. You can also add a definition of Back-end ratio yourself
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Back-end ratioThe back-end ratio is the percentage of an individual's (or household's) pre-tax, monthly income that's used to pay monthly debt obligations. Debt obligations include the mortgage payme [..]
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Back-end ratioto determine whether a mortgage applicant is a good credit risk.
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Back-end ratioThe amount you pay in monthly debt (credit cards, student loans, etc.) divided by your gross monthly income.
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| << Back-end ratio or back ratio | Backend ratio >> |
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