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Definitions for "Credit Ratio"
Keywords:  fha, gross, conventional, ratio, net
Related Terms: Debt to income ratio, Debt-to-income ratio, Qualifying ratio, Ratios, Qualifying ratios, Total debt ratio, Debt ratio, Back end ratio, Debt-to-income-ratio, Back-end ratio, Back ratio, Housing expenses-to-income ratio, Debt-to-income, Housing ratio, Debt service ratio, Front-end ratio, Total debt service ratio, Debt coverage ratio, Debt service coverage ratio, Housing expense ratio, Tdsr, Gross debt service ratio, Piti ratio, Qualifying, Debt servicing ratio, Dcr, Interest coverage ratio, Housing expense-to-income ratio, Income-sensitive repayment, No ratio loan, Income sensitive repayment, Debt ratios, No income verification loan, Interest coverage, Times interest earned, Debt, Affordability, Debt-service ratio, Total expense ratio, Income multipliers, Stated income loan, Installment credit, Kicker, Savings ratio, Interest cover, Capital & interest, Net interest margin, Interest, Installment loan
Credit Ratio is figured differently depending on the loan. For a FHA/VA loan it is figured by taking the borrowerâ€(tm)s monthly payment and dividing it by there income after taxes. Credit ratio for a conventional loan is figured by taking the amount of the monthly payments that the borrower owes and dividing it by their monthly income before taxes.
carloaninc.com
A report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. See Housing Expenses-to-Income Ratio.(Return to the top of the page.)
credit1mortgage.com
The ratio, expressed as a percentage, that results when a borrower's monthly payment obligation on long-term debts is divided by the borrower's net income (for FHA/VA loans) or gross monthly income (for conventional loans). See also Expense-to-Income Ratio.
crmbs.com
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