Question

Generally, the highest percentage of individual or family income that can be borrowed for a home purchase is: A. 30 B. 50 C. 10 D. 15

Answer 1

The general debt-to-income ratio for a home loan should be less than 30%. So the answer is A.

Answer 2

50 is too high while 10 n 15 is too low so ans is A. 30% of income can be borrowed for a home purchase