Home | Ask Your Question | Mortgage Glossary |
|
||||||||
Mortgage Professor about debt to income ratio: | ||||||||
Qualifying For a Mortgage
December 12, 2000 Most potential borrowers are nervous about getting a mortgage loan because they share a widespread misperception: the misperception is that they have no bargaining power relative to lenders, and therefore must approach them ... more... Pay Down Debt or Pay More Down? September 4, 2001 "We plan to sell our condo and buy a house. We expect to get enough money from the proceeds (after commissions, closing costs, etc.) to pay off our debts, or make a down payment, but we can't do both. Which will allow us to buy the most house? ... more... |
||||||||
debt to income ratio related definitions |
||||||||
Debt To Income Ratio
Debt To Income Ratio The ratio, expressed as a percentage, which results when a borrower's monthly payment obligation on long-term debts is divided by his or her gross monthly income. Equal Credit Act Debt ... more... PITI PITI Principal, Interest, Taxes and Insurance. Also called monthly housing expense. The periodic payment that includes a principal and interest payment plus a contribution to the escrow account set up by the lender to pay insurance premiums and property taxes. If you do ... more... |
||||||||
More about debt to income ratio
Getting a Home Improvement Loan: What Your Bank Needs Low Interest Rate Car Loan Put Your Good Credit to Work Will a 1031 Property Exchange Solve Your Problems? Types of Loans The Ins And Outs Of Bad Credit Home Loans Life After Debt Strategies for Dealing with Problem Debt 8 Tips for Keeping More of Your Hard Earned Money Life After Divorce- Surviving Financially 10 Simple Steps to Manage Your Credit MORAL ARMOR'S Economic Warning for Americans
|
|
|||||||
|