Explain the difference between debt to income (DTI) ratio and loan to value ratio (LTV). In addition, mention in which scenario the mortgage is likely to be insured, (a) High or low DTI ( b). High or low LTV.

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter7: Credit Cards And Consumer Loans
Section7.5: Calculating Interest On Consumer Loans
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Explain the difference between debt to income (DTI) ratio and loan to value ratio
(LTV). In addition, mention in which scenario the mortgage is likely to be insured,
(a) High or low DTI ( b). High or low LTV.

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