Qualification Ratios

Qualification Ratios

Requirements stipulated by the lender that the ratio of housing expense to borrower income and the ratio of housing expense plus other debt service to borrower income cannot exceed specified maximums,e.g.,28% and 35%.

These may reflect the maximums specified by Fannie Mae and Freddie Mac; they may also vary with the loan-value ratio and other factors. See Qualification.

References in periodicals archive ?
The average value of the six qualification ratios related to each factor was obtained to form the main effect plot (see Fig.
However, it should be noted that the qualification ratio of soldering decreased with the decrease of tin ball's diameter [3].
The resulting qualification ratio is approximately 99.3%.
Finally, volume production of HGA showed that the proposed laser jet soldering process based on 55 [micro]m tin balls can manufacture HGA products with a qualification ratio of approximately 99.3%.
Other provisions include: closed-end, first lien, one-to-four-unit properties (one must be a principal dwelling); credit history criteria; 3 percent point and fees; loan attribute prohibitions (similar to QM); maximum 2 percent annual and 6 percent lifetime caps on adjustable mortgages; a written property appraisal; borrower qualification ratios of 28 percent/36 percent; verified/documented income; verified/documented assets; verified/documented monthly housing debt and more.
An Insidesales.com/MIT Lead Response Management Study--which focused on the question, "When should companies call Web-generated leads for optimal contact and qualification ratios?")-unearthed these eye-opening findings:
Lenders also use mortgage qualification ratios to measure repayment ability for mortgage qualification.
These qualification ratios are applied throughout the mortgage industry for conventional loans, although the range may vary slightly by lender.
Assuming the client can meet the mortgage qualification ratios, another option is to increase the balance of the new mortgage above the pay-off on the existing mortgage.
Variations of debt-to-income ratios, in this case referred to as mortgage qualification ratios, are used to determine how much of a client's annual gross income is used to pay for monthly mortgage and consumer debt payments.
A recent Insidesales.com/MIT Lead Response Management Study (which focused on the question: "When should companies call Web-generated leads for optimal contact and qualification ratios?") unearthed these eye-opening findings:
Full browser ?