mortgage simple definition: Calculating Mortgage Lending Ratios

Calculating Mortgage Lending Ratios

Calculating Mortgage Lending Ratios. Clear Boundaries Safety Certification RE Agent Training Racheli Mortgage Lending & Marketing

Calculating Mortgage Lending Ratios video duration 2 Minute(s) 55 Second(s), published by Gregg Learning on 01 07 2019 - 13:00:01.

Mortgage lenders use ratios to determine whether borrowers have the economic ability to repay the loan
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Mortgage lenders use ratios to determine whether borrowers have the economic ability to repay the loan. FHA, VA, and conventional lenders all use monthly gross income as the base for calculating these qualifying ratios. Two important ratios used for this purpose are the housing expense ratio and the total obligations ratio.

The housing expense ratio is the ratio of a borrower’s monthly housing expense (PITI) to monthly gross income. The total obligations ratio is the ratio of a borrower’s total monthly financial obligations to monthly gross income.