The only debt you could get was
a reasonable mortgage on a house.
Not exact matches
With a $ 320,000
mortgage on their $ 450,000
house in St. Albert, Alta., and $ 4,000
on a line of credit, their debt is
reasonable.
(Of course, final approval
on any
mortgage depends
on the
house you choose to buy because lenders must agree that it provides
reasonable collateral for the loan.)
Use a site such as www.e-loan.com to calculate how large a
mortgage a client can handle and what percentage of income is
reasonable to spend
on housing.
NAR analysts think that's a
reasonable assumption given the 56 percent rise the federal
mortgage insurance agency has seen since private lenders pulled back
on their subprime offerings, which had cut into the FHA's market share during the
housing boom.