How to Figure 31% of My Mortgage to Income

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Tip 1 - How Do I Figure 31 Percent of My Income to Mortgage?

Published: 9 years, 3 month(s) ago | Submitted by PATTY Mc CRACKEN | permalink

If you are facing foreclosure, most lenders will see if you qualify for the government's Home Affordable Modification Program. HAMP's goal is to modify your current mortgage to make ...

For further reading: http://homeguides.sfgate.com/figure-31-percent-income-mortgage-8952.html ^[1]

Tip 2 - How to Figure 31% of My Mortgage to Income

Published: 9 years, 3 month(s) ago | Submitted by Joe Henderson | permalink

When you apply for a mortgage, a lender calculates several qualifying ratios to make sure you can afford your new payment. The front-end debt-to-income ratio measures your monthly mortgage payment ...

For further reading: http://budgeting.thenest.com/figure-31-mortgage-income-24892.html ^[2]

Tip 3 - How to Figure 31 Percent of My Mortgage to Income | eHow

Published: 9 years, 3 month(s) ago | Submitted by Robin Wijnants | permalink

A 31 percent mortgage to income percentage is commonly used by financial institutions and government programs as the standard for how much mortgage expense is affordable for homeowners. Whether you are considering a loan modification on an existing mortgage or entering a new mortgage, learning how to figure 31 percent of your mortgage to income is...

For further reading: http://www.ehow.com/how_5873042_figure-31_-mortgage-income.html ^[3]