Real estate blog entries tagged with dti by America One Mortgage and Realty

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Home : Blogs : Jayson Davis : Jayson Davis's Blog : Tag "dti"

dti: How Much House Can You Afford? - 09/28/07 01:22 PM

Debt-to-Income Ratios (DTI)
To determine your maximum mortgage amount, lenders use guidelines called debt-to-income ratios. This is simply the percentage of your monthly gross income (before taxes) that is used to pay your monthly debts. Because there are two calculations, there is a "front" ratio and a "back" ratio and they are generally written in the following format: 33/38.
The front ratio is the percentage of your monthly gross income (before taxes) that is used to pay your housing costs, including principal, interest, taxes, insurance, mortgage insurance (when applicable) and homeowners association fees (when applicable). The back ratio is the same thing, only … (0 comments)

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