you are checking your account portal after applying for a loan. the lender indicates you have a debt - to…

you are checking your account portal after applying for a loan. the lender indicates you have a debt - to - income (dti) ratio of 0.1, which is considered low.\nwhat is most likely to happen as a result of this dti ratio?\nchoose 1 answer:\na you will have a high chance of being approved.\nb you will have a low chance of being approved.\nc the dti is irrelevant to the loan decision process.

you are checking your account portal after applying for a loan. the lender indicates you have a debt - to - income (dti) ratio of 0.1, which is considered low.\nwhat is most likely to happen as a result of this dti ratio?\nchoose 1 answer:\na you will have a high chance of being approved.\nb you will have a low chance of being approved.\nc the dti is irrelevant to the loan decision process.

Answer

Explanation:

Step1: Understand DTI ratio

A low DTI ratio is favorable.

Step2: Analyze loan - approval

Lenders prefer low DTI for approval.

Answer:

A. You will have a high chance of being approved.