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

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hemsleysue Joined: 13 Sep 2009 Posts: 72 0.02 Dollars($)	Posted: Wed Sep 23, 2009 4:45 am    Post subject: What exactly is Total Housing Expense ratio and how to calcu Like 0 Dislike 0 What exactly is Total Housing Expense ratio and how to calculate it?
savior70 Joined: 25 Mar 2009 Posts: 1895 Location: Florida 261.84 Dollars($)	Posted: Wed Sep 23, 2009 6:16 am    Post subject: Like 0 Dislike 0 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.
sunnyca2009 Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)	Posted: Tue Sep 29, 2009 7:37 pm    Post subject: Like 0 Dislike 0 This is really helpful information http://www.mortgagefit.com/front-end.html
annyb27 Joined: 07 Jul 2009 Posts: 144 -1.08 Dollars($)	Posted: Thu Oct 01, 2009 11:32 am    Post subject: Like 0 Dislike 0 Total expense ratio means The ratio of Total housing expense to borrower income.
sunnyca2009 Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)	Posted: Thu Oct 01, 2009 6:08 pm    Post subject: Like 0 Dislike 0 Monthly Housing Expense/Monthly Income

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