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Mortgage Professor about housing expenses: 
Pay Down Debt or Pay More Down?
September 4, 2001 "We plan to sell our condo and buy a house.  We expect to get enough money from the proceeds (after commissions, closing costs, etc.) to pay off our debts, or make a down payment, but we can't do both.  Which will allow us to buy the most house? ... more...

How Much House Can You Afford?
December 10, 1999 Borrowers often begin their home search with only the foggiest idea about how much they can afford to pay, which can result in wasted time and frustration. They should know approximately how much they can afford ... more...

housing expenses related definitions

Housing Expense-to-Income Ratio
Housing Expense-to-Income Ratio The ratio, expressed as a percentage, which results when a borrower's housing expenses - (PITI - Principal, Interest, Taxes, and Insurance) divided by the gross monthly income. This ratio is sometimes referred to as the top ratio or front end ratio. ... more...

Untitled Document
Housing Expense-to-Income Ratio The ratio, expressed as a percentage, which results when a borrower's housing expenses - (PITI - Principal, Interest, Taxes, and Insurance) divided by the gross monthly income. This ratio is sometimes referred to as the top ratio or front end ratio. ... more...

More about housing expenses

10 Top Considerations For Those Buying Property Abroad
Are you one of a growing number of people considering buying a second home in the sun, an idyllic home from home abroad or a lucrative investment property overseas? If so youre not alone! Statistics show that globally were all on the move with a recent survey by YouGov revealing that 55% of adult ... more...

Student Home Purchase Plan
Tuition costs are climbing, housing costs are climbing, it seems like all the costs for students are climbing these days. Students can afford cost increases less than any other demographic in Canada. Because of this, parents and students alike are looking for new ways to offset the costs of ... more...

Landlord Insurance
You have just spent a lot of money buying a property either it is your home and you are going to work overseas for a while or in a different part of the country. It might be an investment property a buy to let or a buy to let via a SIPPs Property Pension. You might just have inherited the ... more...

Reverse Mortgages A Tax Free Income For Senior Citizens
I fully realize if it sounds too good to be true, it probably is and There Aint No Such Thing As A Free Lunch (TANSTAAFL) immediately jumped into your head when you read the title of this article. However, if you are 62 or over, you may have just found the goose that laid the golden egg.A reverse ... more...

Life After Divorce- Surviving Financially
In the first few years after divorce, more often than not, the standard of living of both spouses drops. Why, because the same cumulative income and pool of assets now has to support two households instead of one. Unfortunately, most people don't prepare themselves financially or emotionally for ... more...

What Is A FHA Loan?
Most of us need to borrow some money at least at one point of time in our life. When we want to buy a car, to study at the College or University, when we want to buy a house or home, when we need money to start our own business - even when we use our credit cards.There are many types of loans and ... more...

Creative College Financing-The HELOC and the 529 Plan
Since HELOCs are excellent tools for handling irregular expenses, it makes sense that lots of people are turning to them to provide additional cash for college. Usually a student applies for as much scholarship, grant or student loan money as he/she is eligible, then the parent will make up the ... more...

Should You Buy Hud Homes?
Buy HUD homes are sometimes the cheapest option available for a common man to own a house. The fact that teachers and police officers could buy HUD homes at 50% off the market value attracts more potential buyers.Before starting off hunting around to buy HUD homes, let us see what actually a HUD ... more...


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