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qualifying ratio

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Qualifying Ratio
The maximum debt-to-income ratio for a mortgage. If one's debt-to-income is not too high, one has a qualifying ratio and is eligible for a mortgage. The qualifying ratio varies by lender.
qualifying ratio

The maximum ratio of debt to income that will still allow a borrower to qualify for a loan. Lenders use two different ratios.The front-end ratio compares housing costs to income.The back-end ratio compares all consumer debt to income. Each lender has its own preferred ratios, which are usually dictated by demands placed by the secondary market or by loan guarantors such as the Veterans Administration.The numbers are not secret,but they change too often to include in a book.Be sure to ask a lender about its qualifying ratios and what exactly is included in the numbers.
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Department of Energy, EEMs give borrowers the opportunity to finance cost-effective, energy-saving measures as part of a single mortgage and stretch debt-to-income qualifying ratios on loans.
Flex your mortgage: energy-efficient mortgages expand your green ... by Knoblauch, Jessica A. / Our Planet
Many times if your qualifying ratio is too high, you can offer the bank a notarized letter from a family member who will offer financial support.
Loan Modification Formula Finally Revealed by Joseph Pisicchio / Real estate industry community
Department of Energy, EEMs give borrowers the opportunity to finance cost-effective, energy-saving measures as part of a single mortgage and stretch debt-to-income qualifying ratios on loans.
Flex your mortgage: energy-efficient mortgages expand your green ... by Knoblauch, Jessica A. / E
 
 
 
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