Housing Expense

Housing Expense

The sum of the monthly mortgage payment, hazard insurance,property taxes, and homeowner association fees.

Housing expense is sometimes referred to as PITI, standing for principal, interest, taxes, and insurance.

References in periodicals archive ?
If you're planning to buy a home, don't believe for a minute that your monthly mortgage payment will constitute the bulk of your housing expense. Chances are, it'll be just a fraction of what you ultimately spend.
The rationale (before the TCJA) for not allowing foreign real property taxes as a qualified foreign housing expense was that they were already deductible under Sec.
Meanwhile, Qatar has been ranked first in terms of cost of living in the region, with housing expense being its main driver, said a recent market intelligence report.
As a general target, lenders like to see your housing expense ratio come in at no higher than 28 percent of gross monthly income, though there is flexibility to go higher if other elements of your application are viewed as strong.
The audit of Senator Mike Duffy's travel and housing expense claims shows he was on Senate business for two days during the 2011 election but an invoice from Duffy shows he was campaigning and seeking reimbursement from Conservative candidates.
Expressed as a percent of your monthly income, this is called your housing expense ratio.
The housing expense refers to claims made using the Commons allowance which subsidises second homes, and is designed to help MPs who need a property in London, near Parliament, as well as one in their constituency.
Some locations with the highest adjusted annual housing expense limitations for 2007 are Hong Kong ($114,300), Moscow ($90,900), Paris ($87,200), Milan ($86,700), Tokyo ($85,700), and London ($77,800).
They're experiencing a very low level of housing expense. The uninsured?
Data ranges from the applicant's zip code, the age of the home, and its appraised value to the monthly income, proposed housing expense, and credit rating of the borrowers.
** Based on a 25% qualifying ratio for monthly housing expense to
This provides low income homeowners with a means to repair their homes while not increasing their monthly housing expense.

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