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What exactly is Total Housing Expense ratio and how to calculate it?

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Icon Mini Profile hemsleysue





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Post 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?
Icon Mini Profile savior70





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Post 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.
Icon Mini Profile sunnyca2009





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Post Posted: Tue Sep 29, 2009 7:37 pm    Post subject:
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This is really helpful information

http://www.mortgagefit.com/front-end.html
Icon Mini Profile annyb27





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Post 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.
Icon Mini Profile sunnyca2009





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Post Posted: Thu Oct 01, 2009 6:08 pm    Post subject:
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Monthly Housing Expense/Monthly Income
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