What exactly is Total Housing Expense ratio and how to calculate it?

Hi,

The total housing expense ratio is the debt-to-income ratio which determines whether you can afford your mortgage payments. It is the ratio between your monthly expenses towards all of your debts and your monthly income. The debt includes your mortgage, taxes and insurance payments and other types of debts like car loan, credit card debts etc.

This is really helpful information

http://www.mortgagefit.com/front-end.html

Total expense ratio means The ratio of Total housing expense to borrower income.

Monthly Housing Expense/Monthly Income