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2. What percentage of your income should go to a mortgage? - AOL

   www.aol.com/finance/percentage-income-mortgage...

   While current homeowners, who’ve locked in lower mortgage rates (around 3 to 4 percent), need just 21 percent of their median household income to make the average monthly mortgage payment, those ...

3. Income requirements to qualify for a mortgage - AOL

   www.aol.com/finance/income-requirements-qualify...

   Most financial advisors generally recommend following the 28/36 percent rule. This means your monthly mortgage payment and total monthly debts shouldn’t exceed 28 and 36 percent of your total ...

4. What is a debt-to-income ratio for a mortgage? - AOL

   www.aol.com/finance/debt-income-ratio-mortgage...

   If you’ve got $6,000 in gross monthly income, to have that desired front-end DTI ratio be 28 percent, your maximum monthly mortgage payment would be $1,680. $6,000 x 0.28 = $1,680

5. Debt-to-income ratio - Wikipedia

   en.wikipedia.org/wiki/Debt-to-income_ratio

   The two main kinds of DTI are expressed as a pair using the notation / (for example, 28/36).. The first DTI, known as the front-end ratio, indicates the percentage of income that goes toward housing costs, which for renters is the rent amount and for homeowners is PITI (mortgage principal and interest, mortgage insurance premium [when applicable], hazard insurance premium, property taxes, and ...

6. How to get the best mortgage rate - AOL

   www.aol.com/finance/best-mortgage-rate-214229663...

   6. Consider paying mortgage points. If you’re willing to pay a fee, you can buy your way to a lower interest rate using mortgage points. Each point costs 1 percent of your mortgage amount and ...

7. Debt service coverage ratio - Wikipedia

   en.wikipedia.org/wiki/Debt_service_coverage_ratio

   Let's say Mr. Jones is looking at an investment property with a net operating income of $36,000 and an annual debt service of $30,000. The debt coverage ratio for this property would be 1.2 and Mr. Jones would know the property generates 20 percent more than is required to pay the annual mortgage payment.