Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about debt to income ratios: | |||||||||||||||||||||||
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... Do I Need an Adjustable Rate Mortgage to Qualify? August 3, 1998 "I have been told by my loan officer that I can qualify for the loan I need only with an adjustable rate mortgage (ARM). I much prefer a fixed-rate mortgage (FRM). Is there any appeal"? Yes, but you have to shift into active mode and not allow the ... more... |
|||||||||||||||||||||||
debt to income ratios 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... Equal Credit Oportunity Act Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more... |
|||||||||||||||||||||||
More about debt to income ratios Deciding to Consolidate Debt? Debt Relief with this Simple Formula Are You Having Difficulty Meeting Your Financial Obligations? Debt and Debtor's Disease - Do You Have It? Debt Consolidation Don'ts You Should Know About How To Bankrupt Your Student Loans Help for the Single Mother with Managing Credit and Debt Spanish Mortgages - New Mortgage products that really can save your (financial) life! How to Reduce Your Debt in 5 Easy Steps Help to Get Out of Debt
|
|
||||||||||||||||||||||
|