Monthly Housing Expense financial definition of Monthly Housing Expense

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(2) Based on a 25% qualifying ratio for monthly housing expense to gross monthly income with a 20% down payment.

The new normal? Housing market improves, but obstacles remain

For example, if you make $70,000 in gross income, your monthly housing expense should not exceed $1,633 a month.

Shopping for the right mortgage: following this advice can help you find the loan that meets your needs

Being able to cut the monthly housing expense allows more consumers to purchase now, she explains.

This provides low income homeowners with a means to repair their homes while not increasing their monthly housing expense.

Santa Clarita's journey to earthquake recovery, earthquake rehab programs bring back stability

Typically, your monthly housing expense should not be greater than 28% of your gross monthly.

Living well with the money you have: author and syndicated columnist offers straightforward financial advice for people looking to take control of their money

Refinancing into a London interbank offered rate-based (LIBOR-based) ARM requiring interest-only payments cuts many homeowners' monthly housing expense in half, adds Lake.

Selling now builds on relationships

Freddie Mac's guideline is that the monthly housing expense should not be greater than 25 percent to 28 percent of the borrower's stable monthly income.

Expanding markets

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