http://www.mortgage-insurance-loans.com/2009/09/home-mortgage-refinancing-debt-ratio Your Knowledge Highway to Financial Success Sat, 28 Apr 2012 04:25:59 +0000 hourly 1 http://www.mortgage-insurance-loans.com/2009/09/home-mortgage-refinancing-debt-ratio#comment-1753 public adjuster Wed, 17 Feb 2010 19:32:59 +0000 http://www.mortgage-insurance-loans.com/?p=670#comment-1753 What they have spent so far has gone to the most unproductive parts of the economy and managed in the most unproductive way possible and the rest they just gave away. What they have spent so far has gone to the most unproductive parts of the economy and managed in the most unproductive way possible and the rest they just gave away.

]]> http://www.mortgage-insurance-loans.com/2009/09/home-mortgage-refinancing-debt-ratio#comment-703 Cheryl Peck Thu, 17 Sep 2009 20:54:28 +0000 http://www.mortgage-insurance-loans.com/?p=670#comment-703 To calculate your debt ratio, divide the total monthly debt payments by your gross (before taxes)monthly income. (Monthly income is annual divided by 12; not weekly times 4 which short changes you!) Debt payments are minimum required, not how much you actually pay. Payments for phone, utilities, and insurance are generally not included. For more information on this and other information related to the mortgage loan application process see my book "Getting To Closing". To calculate your debt ratio, divide the total monthly debt payments by your gross (before taxes)monthly income. (Monthly income is annual divided by 12; not weekly times 4 which short changes you!) Debt payments are minimum required, not how much you actually pay. Payments for phone, utilities, and insurance are generally not included. For more information on this and other information related to the mortgage loan application process see my book “Getting To Closing”.

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