What Is A Housing Ratio?

Real Estate Questions Mortgage Questions Insurance Questions
 
 

Answer for "What is a housing ratio?"

Shavonya Munford real estate agent
  Samson Properties

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance) to your monthly gross income. Lenders use this ratio to qualify you for a loan.


Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

Related Real Estate Questions

What Is SWOT Analysis?

Developed by a successful management consultant in the ‘60s named Albert S. Humphery, the SWOT analysis is still in use today at management level. It starts with a goal in mind, a ...

Do Real Estate Agents Work With Home Renters?

Do real estate agents work with home renters? Yes, they do. To be honest, real estate agents are willing to work with everyone. There are some who are specialized in sales and not rentals, ...

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

What Does A Back-end Ratio Mean?

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

Who Pays The Real Estate Agent?

Now that you’ve learned how much does a real estate agent make, you’re wondering who pays the real estate agent? Get ready for a non-answer. Or a super-answer. It’s a ...

What Does It Mean When A Home Is Sold "AS IS"?

When a home is marked “as is”, it means the home seller will not take part on any renovations, will not fix any defects the home buyer might bump into. If the home buyer wants ...

How To Close A Real Estate Deal Without An Agent

You’ve searched all through the internet regarding how to close a real estate deal without an agent and now you’ve arrived here and we hope that you finally have the answer you ...

 

Related Real Estate Glossary Terms

Agency

Relationship between two people or entities in which one is a principal and the other is an agent representing the principal in activities with other parties. ...

Scantling lumber

yard lumber about 2 inches by 8 inches. ...

Settlement statement

Accounting statement at the settlement of a real estate transaction that shows each item charged or credited, to whom, and for how much. ...

Unity of time

Principle stating that all joint tenants must acquire their interest from the same deed or will. ...

Mutual consent

Two or more parties agree to something. An example is when the two parties to a contract mutually agree to make certain revisions to it. ...

Urban space

Availability of land in an urban area. ...

Impaired credit

Decline in the credit status of a prospective homebuyer. ...

Scale

model depicting on paper what a structure physically looks like. The dimensions are draw on a proportionate basis to the real thing. An example is a scale of an existing or proposed office ...

Find a Real Estate Agent

RealEstateAgent.com reviews
Read why Real Estate Agent rates 5 Stars in over 20 Agents Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

The Ultimate Home Theater Room Buying a Home in Scottsdale vs Building Your Own Home Client Gifts: Creative Closing Gifts for Home Buyers How to Take Advantage of the REA Directory Listing How to Rebuild Your Life After a Foreclosure?

FAQ

Do I need Life Insurance? Can I convert a warehouse into a home? What is an overall debt ratio? Do Tiny Houses Depreciate? What happens when you prequalify?