Sentences with phrase «gross household income»

If your income is slightly over these amounts, there are little known «deductions» that can be used to reduce your qualifying gross household income and help you qualify.

For borrowers with adjusted gross incomes from $ 100,000.01 to $ 110,000, deductions are phased out at 10 % increments for each additional $ 1,000 of adjusted gross household income.

The HSBC Premier World Elite also has a $ 75,000 annual gross household income requirement, though for many people, that's likely not a major concern.

In the Census 2001, the average equivalised gross household income for Aboriginal and Torres Strait Islander peoples was $ 364 per week, or 62 % of the rate for non-Indigenous peoples ($ 585 per week).83

«The plant created approximately 140 full - time jobs and will generate an annual direct gross household income of approximately $ 11m.»

My recommended net worth target is 20X gross household income.»

We have simple qualifications, such as good credit, no outstanding debts to landlords / utility rental management companies, a good rental history, as well as a verifiable gross household income that would meet or exceed 3 times the monthly rent.

For 2016, the tax is 2.5 % of modified adjusted gross household income or $ 695 per person, whichever is greater.

The plant created 140 full - time jobs and will generate an annual direct gross household income of approximately $ 11m.

In the 2006 Census, the mean equivalised gross household income for Indigenous persons was $ 460 per week, which amounted to 62 % of the rate for non-Indigenous Australians ($ 740 per week).

Average gross household income for Indigenous persons was $ 364 per week, or 62 % of the corresponding income for non-Indigenous persons.

As a starting point, one rule of thumb is that people should invest about 15 % of their gross household income in order to live as well in retirement as they do now.

For instance, if you have a gross household income of $ 8,000, and your lender allows a 43 percent DTI, you can spend up to $ 3,440 for housing costs plus monthly bills like auto payments, student loans, and credit cards.

As a general rule of thumb, lenders prefer if your mortgage payment, including principal, interest, property taxes and insurance, is 28 % or less of your gross household income.

Gross Household Income: Gross household income is the total salary, wages, commissions and other assured income, before deductions, by all household members who are co-applicants for the mortgage.

You should have a down payment of at least 20 percent, financing lasting no longer than four years and a principal, interest and insurance total not exceeding 10 percent of your gross household income.

During those years, PMI was fully tax - deductible for borrowers if their adjusted gross household income was $ 100,000 or less.

This amount shows the ratio of your household's debt payments to gross household income.

Next, you'll be asked to select the approximate purchase price of the property, your estimated down payment, whether you're interested in a fixed - or adjustable - rate loan, and your gross household income.

Gross household income is the total salary, wages, commissions and other assured income, before deductions, by all household members who are co-applicants for the mortgage.

Based on our calculations, with a down payment of 21 % (the national average), a 25 - year amortized mortgage and an interest rate of 3 %, a family needs a gross household income of at least $ 116,000 in order to afford a single - family detached home in Calgary's city centre.

The homebuyer's total monthly housing costs can not exceed 32 % of the person's gross household income (Gross Debt Service, or GDS, ratio);

The deduction is reduced by 10 percent for each additional $ 1,000 of adjusted gross household income, phasing out after $ 109,000.

We propose an Affordable Energy Program that would limit energy burdens to 6 percent of gross household income, universal access to solar energy in a manner that would make electricity cheaper, and efficiency programs that would reduce the cost of assistance as well as the need for assistance.

Try to limit your total debt (mortgage, car loan, credit cards, student loans) to 36 % of your gross household income.

For 2016, the tax is either 2.5 % of modified adjusted gross household income or $ 695 per person, whichever is greater.

Since 2016, the tax is either 2.5 % of modified adjusted gross household income or $ 695 per person, whichever is greater.

Fee: $ 240, Clients facing financial hardship are assessed on a case by case basis, based on a sliding scale according to gross household income.

Fees assessed on a case by case basis, based on a sliding scale according to gross household income.

NAR's housing affordability index shows the typical monthly mortgage principal and interest payment for the purchase of a median - priced existing home is only 13 percent of gross household income, the lowest since records began in 1970.

When asked what percentage of gross household income a homeowner should set aside for housing costs, 44 per cent of Canadians select amounts deemed to be too high or too low based on mortgage lending standards, according to a new Angus Reid survey.

According to general mortgage lending standards, a GDS ratio for monthly housing costs — which includes mortgage principal and interest payments, property taxes and heating expenses — should not exceed 32 per cent of gross household income at the high end.

When asked what percentage of gross household income a homeowner should set aside for housing costs, 44 per cent of Canadians select amounts deemed...

The GDS ratio is the share of the borrower's gross household income that is needed to pay for home - related expenses, such as mortgage payments, property taxes and heating expenses.