

Debt-to-Income and Housing Ratios
Interactive Video
•
Mathematics
•
9th - 10th Grade
•
Medium
Thomas White
Used 1+ times
FREE Resource
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22 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the three main qualifying ratios discussed in the video?
Housing ratio, loan-to-value ratio, debt-to-income ratio
Interest rate, down payment, credit score
Principal, interest, taxes
Loan term, interest rate, property value
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the housing ratio represent?
The proportion of income dedicated to housing payments
The total amount of the loan
The total value of the home
The interest rate on the mortgage
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is considered an acceptable housing ratio?
Less than 28%
More than 50%
Exactly 30%
Between 40% and 50%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you calculate the housing ratio?
Divide mortgage payments by monthly income
Multiply mortgage payments by monthly income
Subtract mortgage payments from monthly income
Add mortgage payments to monthly income
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the example, what is Shari's housing ratio?
35.00%
28.00%
30.00%
25.14%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to have a favorable housing ratio?
It indicates the borrower's ability to manage housing costs
It determines the interest rate on the loan
It affects the property's appraised value
It influences the loan term
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the loan-to-value ratio measure?
The borrower's credit score
The loan amount compared to the home's value
The interest rate on the loan
The total monthly payment
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