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FSBO - Houses for Sale By Owner "Buy and Sell Homes Online for Free" |
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Debt-To-Income Ratio |
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Debt-to-income ratio - a comparison of gross income to housing and
non-housing expenses. The FHA requires that the monthly mortgage payment
should be no more than 29% of monthly gross income (before taxes) and the
mortgage payment combined with non-housing debts should not exceed 41% of
income.
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