Total Expense Ratio
Definition of "Total Expense Ratio"
The ratio of total housing expense to borrower income. This ratio is used (along with other factors) in qualifying borrowers.
Popular Mortgage Terms
A plan purporting to protect FHA homebuyers against property defects. ...
Mortgages delivered using the Internet as a major part of the communication process between the borrower and the lender. ...
Deceptive practices used by mortgage loan providers and other participants in the mortgage process. Scams by Loan Providers: Lenders and mortgage brokers may employ a number of tricks ...
The maximum allowable ratio of loan-to- value (LTV) on any loan program. Generally, these are set by mortgage insurers or by lenders and can range up to 100%, although some programs will ...
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