Posted on: 16th Nov, 2010 11:05 am
If a P & I is 1050.00 per month
And taxes & insurance add another 300.00 per month
which amount counts toward Debit to income and/or mortgage to income ratios?
And taxes & insurance add another 300.00 per month
which amount counts toward Debit to income and/or mortgage to income ratios?
Welcome kgrindrod,
As far as I can understand, while calculating the debt to income ratio, the insurance and tax payments will be taken into consideration.
As far as I can understand, while calculating the debt to income ratio, the insurance and tax payments will be taken into consideration.