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 hemsleysue
Joined: 13 Sep 2009
Posts: 72
0.02 Dollars($)
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 Posted: Wed Sep 23, 2009 4:45 am Post subject: What exactly is Total Housing Expense ratio and how to calcu |
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| What exactly is Total Housing Expense ratio and how to calculate it? |
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savior70
Joined: 25 Mar 2009
Posts: 1783
Location: Florida
239.40 Dollars($)
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| Posted: Wed Sep 23, 2009 6:16 am Post subject: |
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Hi,
The total housing expense ratio is the debt-to-income ratio which determines whether you can afford your mortgage payments. It is the ratio between your monthly expenses towards all of your debts and your monthly income. The debt includes your mortgage, taxes and insurance payments and other types of debts like car loan, credit card debts etc. |
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sunnyca2009
Joined: 04 Aug 2009
Posts: 1735
35.94 Dollars($)
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annyb27
Joined: 07 Jul 2009
Posts: 142
0.00 Dollars($)
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| Posted: Thu Oct 01, 2009 11:32 am Post subject: |
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| Total expense ratio means The ratio of Total housing expense to borrower income. |
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sunnyca2009
Joined: 04 Aug 2009
Posts: 1735
35.94 Dollars($)
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| Posted: Thu Oct 01, 2009 6:08 pm Post subject: |
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| Monthly Housing Expense/Monthly Income |
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