Mortgage Terminology
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Qualifying Ratios
Calculations used to determine if a borrower can qualify for a mortgage. They consist of two separate calculations: (1) A housing expense as a percent of income ratio, (2) and total debt obligations as a percent of income ratio.
Calculations used to determine if a borrower can qualify for a mortgage. They consist of two separate calculations: (1) A housing expense as a percent of income ratio, (2) and total debt obligations as a percent of income ratio.
