Sentences with phrase «expected monthly housing payment»
Not exact matches
The housing ratio looks at your expected or current monthly mortgage payment, including principal, interest, property taxes and homeowner's insurance.
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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).
The back - end ratio takes into account all of your monthly debt obligations: your expected housing expenses PLUS credit card bills, car payments, child support or alimony, student loans and any other debt that shows up on your credit report.12