Monthly Housing Expense


Also found in: Acronyms.

Monthly Housing Expense

Same as Housing Expense.

References in periodicals archive ?
2) Based on a 25% qualifying ratio for monthly housing expense to gross monthly income with a 20% down payment.
For example, if you make $70,000 in gross income, your monthly housing expense should not exceed $1,633 a month.
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.
The proposed plan also enables homeowners to quickly rebuild equity in their homes with a monthly housing expense lower than renting.
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.
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.

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