Mortgage Knowledge - (Qualifying Monthly Payment) Help passing the NMLS Exam with MEC

[@MortgageEducators]

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[@worldspace855]

Good explanation

[@mrfarrock718]

question why is there a front end ratio if they have to take away the debt and use the back end ratio.whats is the front end use for?

[@noonoo3000]

Video has an error, Max DTI for VA is 41% not 43%

[@MortgageEducators]

We understand that the general rule is 41% max but there are various scenarios where someone could still get approved with a DTI over 41%. Please reach out to our [e-mail] email, if you would like to find out more.

[@bmpvw]

While there might be various scenarios where a borrower with VA could get a 43% back end, for teaching purposes, I believe you should be using 41% so as to not confuse students who are trying to get a handle on all the terms, rules, regulations, etc. This just adds to any possible confusion in my opinion.

[@aidacaceres6768]

43

[@mynamesalo]

Old but above 41% is circumstantially possible

[@BellyRoll2OP]

LETS GO