Housing expense ratio
Definition
The ratio of housing expense to borrower income, which is used (along with the total expense ratio and other factors) in qualifying borrowers. See Qualifying for a Mortgage.
Related Terms Other terms related to 'Housing expense ratio' starting with the letter 'H' Home Equity Conversion Mortgage HECM, Housing expense, Hazard insurance, Homebuyer protection plan, Housing investment Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 