What Is An Overall Debt Ratio?
An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders use this ratio-sometimes called the back-end ratio-to see whether you qualify for a loan. Common overall debt ratios are 33 or 36 percent.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
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One to whom a gift or bequest is made. ...
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English architecture. This style has two levels with the second level typically overlaying the first story. The roof is high and the chimney is sculptured. ...
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