The percentage of your monthly pre-tax income that goes toward your house payment. The general rule is that this ratio shouldn't exceed 28%. This is also known as the "front ratio."
Also known as Debt to Income Ratio, This number is calculated by dividing all of a borrowers monthly obligations by their monthly gross income. Example : Mark has a total of $1200 in monthly bills and his gross income is $2400 per month. Therefore: 1200/2400 = 50%. Mark's Debt to Income Ratio is 50%.
The percent of gross monthly income devoted to housing costs.
Housing expense divided by Borrower's gross monthly income expressed as a percentage.
A homeowner's monthly housing expense as a percentage of his or her monthly income
A home owner's percentage of their monthly income.
is a number that many lenders use to judge your ability to repay a loan. Your housing expense ratio is calculated by dividing your expected monthly mortgage payment by your gross (before tax) monthly income. Remember your monthly mortgage payment includes the principal, the interest, your real estate taxes and your homeowner's insurance. Many lenders will give you a loan if your housing expense ratio is 28% or less - that is, you're spending 28% or less of your monthly income on your house. The interest rate is the cost of borrowing money expressed as a percentage rate. Interest rates can change because of market conditions.
The relationship between the monthly payments made for housing costs and monthly income.
The relationship of a borrower's monthly payment obligation on housing (PITI - Principal, Interest, Taxes, and Insurance) divided by the gross monthly income. This ratio is sometimes referred to as the top ratio or front end ratio.
Expressed as a percent, it is the some of the total of monthly housing payment divided by gross monthly income.
The percentage of gross monthly income budgeted to pay housing expenses.
Also known as, "The Top Ratio", is calculated by dividing your total (PITI) primary residence monthly payment expense by your gross monthly income and then expressed as a percentage.
A comparison of a family's monthly gross income with the carrying costs of their home.
Ratio used to determine the borrowers capacity to repay a home loan. The ratio compares monthly income to the house payment (Principal, Interest, Taxes and Insurance).
The ratio of housing expense to borrower income, which is used (along with the total expense ratio and other factors) in qualifying borrowers. See qualification requirements.
This is the portion of before-tax income used to purchase a house. As a general rule, this portion should not go above 28 percent of one's total take gross take home income.
A homeowners monthly housing expense as a percentage of his or her gross monthly income.
The relationship of a borrower's monthly payment obligation on housing (PITI and other applicable housing expenses) divided by gross monthly income, expressed as a percentage. Also called the top ratio.
The percentage of gross monthly income devoted to housing costs.
The percentage of gross monthly income that goes toward paying a mortgage or rent on a home. Back
The amount of house payment compared to one's monthly gross income, used to help qualify for a mortgage.
The percentage of gross monthly income that goes toward paying housing expenses.
The percentage of monthly before-tax income that goes toward a house payment. The rule of thumb is that it shouldn't exceed 28. Also known as the front ratio.
The ratio of the monthly housing payment in total (PITI - Principal, Interest, Taxes, and Insurance) divided by the gross monthly income. This ratio is sometimes referred to as the top ratio or front-end ratio.
percentage of gross monthly income that goes for housing costs.