Posted on: 12th Jul, 2009 03:42 am
What exactly is Total Housing Expense ratio and how to calculate it?
It is also kinwn as Front-End Ratio. it is ratio of your mortgage payment to gross monthly income.
Housing expenses include principal payment , interest, property taxes, and homeowners insurance collectively known as PITI.
Housing expenses include principal payment , interest, property taxes, and homeowners insurance collectively known as PITI.
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