Posted on: 26th Feb, 2009 01:01 pm
what is the formuler
Base Income
Overtime +
Bonuses +
Commission +
Dividend/Interest +
Subject Property Positive Net Cash Flow (1) +
Net Rent (2) +
Other (Free Form Field) +
Other (Describe Other Income Section)
+
= Total Monthly Income
Liabilities
Primary Housing Expense
= Total Monthly Liabilities
Calculation
Total Liabilities ÷ Total Income
= Debt-to-Income Ratio
Overtime +
Bonuses +
Commission +
Dividend/Interest +
Subject Property Positive Net Cash Flow (1) +
Net Rent (2) +
Other (Free Form Field) +
Other (Describe Other Income Section)
+
= Total Monthly Income
Liabilities
Primary Housing Expense
= Total Monthly Liabilities
Calculation
Total Liabilities ÷ Total Income
= Debt-to-Income Ratio