Exchange Currency

back end ratio

The calculation lenders use to compare a borrower's gross monthly income to their total debt when determining loan approval. Takes into account existing long-term debt.

Related information about back end ratio:
  1. Back-End Ratio Definition | Investopedia
    A ratio that indicates what portion of a person's monthly income goes toward paying debts. Total monthly debt includes expenses such as mortgage payments ...
     
  2. Back End Ratio Mortgage Calculator
    Online Back End Ratio Mortgage Calculator is an essential personal finance assessment tool used to calculate how much of your gross monthly income is ...
     
  3. How much house can you buy? - Bankrate.com
    Back-end ratio: The total debt-to-income, or back-end, ratio, shows how much of your gross income would go toward all of your debt obligations, including ...
     
  4. Debt-to-income ratio - Wikipedia, the free encyclopedia
    The second DTI, known as the back-end ratio, indicates the percentage of income that goes toward paying all recurring debt payments, including those covered ...
     
  5. back-end ratio - Financial Dictionary - The Free Dictionary
    In loans, the portion of a person's gross income that goes toward debt service. It is calculated by dividing all monthly debt payments by one's gross monthly ...
     
  6. FHA Loans - FHA Debt Ratio Guidelines
    Back-End Ratio - this is your gross income divided by the new PITI mortgage payment and also you minimum monthly payments from you liabilities.
     
  7. Affordable Home - How Much Home Can I Afford? - How Much to ...
    The back-end ratio reflects your new mortgage payment, plus all recurring debt. It , too, is ... The back-end ratio number is $1,720 ($4,000 x 43% = $1,720).
     
  8. Home Buying: Can my back-end ratio exceed 43% when applying ...
    Apr 4, 2009 ... Can my back-end ratio exceed 43% when applying for an FHA loan? Is downpayment assistance still available? Find answers to this and many ...