Housing Expense Ratio


Definition of "Housing Expense Ratio"

The ratio of housing expense to borrower income. This ratio is one factor used in qualifying borrowers.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Time-share Homes

Homes with division of ownership or use of a resort unit on the basis of time periods. For example, ...

Co-Borrowers

One or more persons who hove signed the note and are equally responsible for repaying the loan. When ...

Cover Note

Statement made by agent or broker in written form attesting to the insured that the insurance policy ...

Reinsurance Exchange

Group in which subscribing members agree to (1) regulations governing their behavior, and (2) the qu ...

Flexible Premium Deferred Annuity (fpda)

Contract sold by an insurance company under which the premium payment frequency (monthly, quarterly, ...

Mortgage Release Price

Amount required to payoff the full balance of the mortgage today. The amount equals the principal ba ...

Related Real Estate FAQ

How Much Will My Principal Be?

This calculator figures your principal balance after any number of payments. Input the beginning pri ...

What Is Earnest Money?

Earnest money is a deposit you make when you make an offer on a house. ...

What Is Homeowners Association (HOA)?

Homeowners association is a nonprofit association that manages the common areas of a condominium or ...

What Is A Subprime Mortgage?

A subprime mortgage is a mortgage granted to a borrower who is considered subprime-that is, a person ...

What Are Basis Points?

Basic points relates to changes in the interest rate for your home. ...

What Do I Need To Know About Whole Life Insurance?

Whole life insurance insurance provides the coverage amount to your beneficiary in the of your death ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

7 Tips for a First Time Homebuyer 3 tips to ensure your sale goes through 5 U.S. Cities with the Best Public Transportation 6 Reasons you are not selling properties What do Real Estate Attorneys do?

FAQ

What is a qualifying ratio? What is an escrow officer? What is a seller takeback? What are closing costs? What happens when a property starts to depreciate?