January 31, 2007

Determining How Much You Can Afford

Updated February 2, 2007

Here are some ways to do the math.

Front-end ratio

The housing expense, or front-end ratio, shows how much of your gross (pretax) monthly income would go toward the mortgage payment.

• As a general guideline, your monthly mortgage payment, including principal, interest, real-estate taxes and homeowners insurance, should not (Read More)

Source: The Seattle Times: Real Estate

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Filed under Mortgage Tips by Kirk McDonough.
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