How Much Can You Afford?

Source: Yahoo! Real Estate If you’re like many first-time homebuyers, ... -to-income ratio. This is the figure lenders use to determine how much mortgage debt you can handle ... (Debt-to-income ratio) = $2,340 (Total allowable monthly debt payments) Next, add [more...]

Date: 2009-01-01 12:27:26

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A Test For Real Estate Investment Property Owners — Especially Those In San Diego

Read and take a few helpful notes from last night’s post on DCR — Debt Coverage Ratio. Figure out an honest Net Operating Income — Translation: 20% operating expenses never, ever leads [more...]

Date: 2009-01-14 04:17:31

Renting vs. Buying using a Mortgage Interest Calculator | ArticlesBase.com

You can use a mortgage calculator to figure out your borrowing power with the bank and they’ll tell you exactly what you can afford. The bank uses a formula that you might have heard of called your debt to income ratio. view source [more...]

Date: 2009-07-28 19:02:19

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