As a whole, this process is referred to as mortgage underwriting, and it has many steps. Basically, the lender wants to assess your ability and willingness to repay the loan. Willingness is a bit hard to measure. But they can easily measure your financial ability to repay.
What is the 'Debt-To-Income Ratio - DTI'. A personal finance measure that compares an individualâs debt payment to his or her overall income. A debt-to-income ratio (DTI) is one way lenders (including mortgage lenders) measure an individualâs ability to manage monthly payment and repay debts. DTI is calculated by dividing total recurring monthly debt by gross monthly income, and it is expressed as a percentage.
Custom factory integration (CFI) is an arrangement that a computer equipment vendor makes with a customer in which programs and files are pre-installed and the equipment is configured and tested at the factory prior to delivery.Dell Computer Corporation is one company that provides this arrangement for its customers. This WhatIs.com glossary contains terms related to Internet applications, including definitions about Software as a Service (SaaS) delivery models and words and phrases about web sites, e-commerce ...