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2. What percentage of your income should go to a mortgage? - AOL

   www.aol.com/finance/percentage-income-mortgage...

   To get a mortgage, borrowers also need to consider their regular, ongoing debts: Most lenders allow a debt-to-income ratio of up to 43 percent, but prefer 36 percent — meaning your monthly ...

3. Income requirements to qualify for a mortgage - AOL

   www.aol.com/finance/income-requirements-qualify...

   For example, if your gross income is $6,000 per month, your mortgage payment should be no more than $1,680 (28 percent of $6,000), and your total debt payments (including the mortgage) should max ...

4. What is a debt-to-income ratio for a mortgage? - AOL

   www.aol.com/finance/debt-income-ratio-mortgage...

   Key takeaways. Your debt-to-income (DTI) ratio is a key factor in getting approved for a mortgage. The lower the DTI for a mortgage the better. Most lenders see DTI ratios of 36 percent or less as ...

5. 3 steps to calculate your debt-to-income ratio - AOL

   www.aol.com/finance/3-steps-calculate-debt...

   Total monthly gross income: $6,000 Step three: Divide your monthly debts by your monthly gross income For this example, divide your monthly debt payments ($2,400) by your total monthly gross ...

6. Debt-to-income ratio - Wikipedia

   en.wikipedia.org/wiki/Debt-to-income_ratio

   The two main kinds of DTI are expressed as a pair using the notation / (for example, 28/36).. The first DTI, known as the front-end ratio, indicates the percentage of income that goes toward housing costs, which for renters is the rent amount and for homeowners is PITI (mortgage principal and interest, mortgage insurance premium [when applicable], hazard insurance premium, property taxes, and ...

7. What's a Good Debt-to-Income Ratio for a Mortgage? - AOL

   www.aol.com/news/whats-good-debt-income-ratio...

   Buying a house is expensive, but having a good debt-to-income ratio can keep costs down by giving you access to the best mortgage interest rates.Your DTI ratio helps lenders decide how much risk ...

8. Mortgage prequalification vs. preapproval: How to time these ...

   www.aol.com/finance/mortgage-prequalification-vs...

   A debt-to-income ratio — or DTI — compares how much debt you owe against your gross monthly income expressed as a percentage. Lenders use your DTI to determine how likely you are to repay an ...

9. How Much House Can You Afford on One Income? - AOL

   www.aol.com/finance/much-house-afford-one-income...

   Earlier this year, Freddie Mac conducted research that found that migrating to more affordable metros saves an average of $600 per month on mortgage payments, based on a 6% mortgage rate.