Florida Real Estate Practice Exam

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Which is used to determine if a property's income will cover its monthly mortgage payments?

Credit service ratio

Debt service coverage ratio

The reason why other options may be incorrect are

- Option A: While credit service ratio does factor in the income and debts of an individual, it is not specific to a property's mortgage payments.

- Option C: Mortgage service ratio is similar to the debt service coverage ratio, but it only takes into account the mortgage payments and not other debts.

- Option D: The income coverage ratio is a more general measure of an individual's overall income and expenses, and does not specifically focus on a property's mortgage payments.

Mortgage service ratio

Income coverage ratio

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