Qualifying Ratios

These are guidelines that we apply to you in order to figure out the amount of money you qualify to receive for your mortgage loan. Two ratios in particular are used by lender like First Atlantic:

• The debt-to-income ratio is your current monthly debt on loans and credit cards divided by your gross income. The less debt you the more money we will be willing to make available for your loan.
• The housing-to-income ratio is your new housing payments divided by your gross income. The higher your gross-income is then the higher your mortgage loan amount will be.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z