Sentences with phrase «by your gross monthly income before»
Your total monthly debt payments (for example: loans, credit cards and court - ordered payments) divided by your gross monthly income before taxes and expressed as a percentage.
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This ratio is found by dividing your projected monthly mortgage payments by your gross monthly income (your income before taxes).
VA underwriters divide your monthly debts (car payments, credit cards and other accounts, plus your proposed housing expense) by your gross (before - tax) income by to come up with this figure.
Then, divide this number by your gross monthly income (what you make before taxes and other deductions are taken from your paycheck).
Divide the sum of the monthly payments by your gross monthly income (gross monthly income is your total income before subtracting taxes, benefits, 401 (k) contribution and other things).
VA underwriters divide your monthly debts (car payments, credit cards and other accounts, plus your proposed housing expense) by your gross (before - tax) income by to come up with this figure.
Then, divide that total number by your gross monthly income (before taxes).
Divide that figure by your gross monthly take - home income, which is your income before taxes and other deductions are taken out.
VA underwriters divide your monthly debts (car payments, credit cards and other accounts, plus your proposed housing expense) by your gross (before - tax) income by to come up with this figure.
To calculate your front - end DTI ratio, a lender will add up your expected housing expenses and divide it by your gross monthly income (income before taxes).
To calculate your back - end ratio, a lender will tabulate your expected housing expenses and other monthly debt payments and divide it by your gross monthly income (income before taxes).