What is the back end ratio?
Discover the importance of the back-end ratio, also known as the debt-to-income ratio, in evaluating a borrower’s financial health. This video explains how the back-end ratio measures the proportion of monthly income used for debt payments and its impact on loan approval. Learn how it compares to the front-end ratio, the formula for calculation, and tips for improving your ratio. Understand how lenders use this ratio to assess risk and make informed lending decisions.
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