The Front-End Ratio Compares the Total Annual Expenditures for Housing

question 212

True/False

The front-end ratio compares the total annual expenditures for housing to the loan applicant's disposable income.

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Definitions:

Unconditioned Response (UR)

An instinctive, automatic response to a stimulus that takes place without any earlier learned behavior or conditioning.

Ring Tone

A noise produced by a phone signaling an incoming call or text message.

Feeling Happy

A state of well-being characterized by emotions ranging from contentment to intense joy.

Unconditioned Stimulus (US)

In classical conditioning, a stimulus that unconditionally— naturally and automatically— triggers an unconditioned response (UR).