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 ratioDefinition The calculation lenders use to compare a borrower's gross monthly income to their total debt when determining loan approval. Takes into account existing long-term debt.
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back end ratioa ratio that compares the total of all monthly debt payments (mortgage, real estate taxes and insurance, car loans, and other consumer loans) to gross monthly income.
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back end ratioThe portion of a person’s monthly income allocated to pay off existing debt. Learn more...
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