Just curious how other banks are calculating their debt service on consumer loans (not just consumer real estate). If your max ratio per your loan policy is, say 38%, do you use PITI when rolling in the applicant's mortgage payment to the calculation, or just P&I? Thanks in advance for your input.
_________________________
I use to think I was a smart cookie before I started working in Compliance. Now, I have mastered the art of the blank stare!