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Real Estate Practice : Lesson 219
Once the underwriter has been able to verify the amount of a borrower's stable monthly income, the underwriter will then use a process which will employ gross multipliers to determine whether or not the income is adequate enough to repay the loan that the applicant is seeking.
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A. False
Once the income has been verified the underwriter will use debt to income ratios to make a determination as to whether or not the applicants income is sufficient to repay the loan.
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