This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam.

In this episode you will learn:

- How to distinguish between front end housing ratios and back end total debt ratios.

- Why lenders require gross monthly income instead of net income for all DTI calculations.

- The standard qualifying percentages for conventional loans (28/36) and FHA loans (31/43).

- Which monthly recurring obligations count toward the back end ratio and which expenses to ignore.

- The role of the three Cs—Capacity, Capital, and Character—in the mortgage underwriting process.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep