Which of the following debts does not have to be considered in an applicant’s DTIs?
A. Obligatory alimony payments with fewer than 10 months remaining
B. A credit card minimum payment equal to the total amount owed
C. A boat loan with 11 months remaining
D. A deferred payment on living room furniture recently purchased with no payment owed for 18 months
Answer:A
Which of the following debts does not have to be considered in an applicant’s DTIs?
A. Obligatory alimony payments with fewer than 10 months remaining B. A credit card minimum payment equal to the total amount owed C. A boat loan with 11 months remaining D. A deferred payment on living room furniture recently purchased with no payment owed for 18 months