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How Much Income Do I Need ?

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ratio) used in this calculation is 30%. The housing expense, or front ratio, compares your total mortgage payment to your monthly income. The total debt expense ratio (or back ratio) is 36%. This total debt expense, or back ratio, compares your total monthly obligations including your total mortgage payment to your monthly income.












BancFinancial Mortgage, Inc.
9099 Ridgefield Dr. Suite 205, Frederick, MD 21701
TEL: 301-668-0177 FAX: 301-668-0677
info@bancfinancialmortgage.com
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