Economics · Banking Sector
In the processing of retail home loans, the final sanctioned loan amount is determined by the lower of which two factors?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The eligible Loan-to-Value (LTV) ratio or the customer's Debt-to-Income (DTI) ratio.✓
- 2The customer's age or the property's square footage.
- 3The interest rate or the processing fee.
- 4The customer's requested amount or the bank's internal target.
Correct answer
The eligible Loan-to-Value (LTV) ratio or the customer's Debt-to-Income (DTI) ratio.
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