QUALIFYING RATIOS As calculate...
QUALIFYING RATIOS
As calculated from lenders, the percentage of income that is exhausted on housing debt and combined household misdoing The first qualifying ratio, called the assurance ratio, is the percentage of monthly before- tax income that goe toward a house payment. The back ratio is the any amount of the house payment and all other monthly debit -- credit cards, car payments, learner loans and the like -- divided by means of before-tax income.
Copyright CHICAGO SUN-TIMES 2006
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