Here are some of the most frequently asked questions at United Mutual Funding. If the question you have is not on this page- please feel free to give us a call at 1-800-752-5166.

A standard ratio used by lenders limits the mortgage payment to 28 percent of the borrower's gross income and the mortgage payment, combined with all other debts, to 36 percent of the total. The fact that some loan applicants are accustomed to spending 40 percent of their monthly income on rent -- and still promptly make the payment each time -- has prompted some lenders to broaden their acceptable mortgage payment amount when considered as a percentage of the applicant's income.

The ratio is determined by weighing your total debt against total income. For example, if your income is $100,000 annually and your debt totals $30,000, then your debt-to-income ratio is 30%. There is no maximum debt-to-income ratio on conforming loans and 38% to 50% on jumbo loans—the range depends on the loan program. In some cases, F&M Mortgage Group has approved loans with that hover at 70%.

A lender may tell you that its qualifying ratios are 28/36. The 28 means that 28% of your gross monthly income can go toward housing expenses described above. The 36 means that 36% of your gross monthly income can go toward all of your monthly debt, including housing debt. This amount is often referred to as the "total debt-to-income ratio" or "back-end ratio". This can include monthly payments on credit cards, installment loans (auto, student loans, etc.

This is the ratio used to determine how much of a mortgage you can afford. This is calculated by dividing your monthly obligations by your monthly income.

The debt to income ratio is your total monthly housing expense plus any recurring debts (i.e. monthly minimum credit card payments, car payments, student loan payments, etc.) divided by your monthly gross income.

Your income and outstanding financial debts make up your income-to-debt ratio. This helps the Lender to determine whether you qualify to repay the proposed loan. In order to determine that the Lender adds your total monthly loan payments &/or the proposed loan and divide with by the gross monthly income to determine your ratio. If the ratio falls within a particular range, you may qualify for the loan.

The FHA allows you to use 29% of your income towards housing costs and 41% towards housing expenses and other long-term debt. With a conventional loan, this qualifying ratio allows only 28% toward housing and 36% towards housing and other debt

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A high debt-to-income ration means that you're a riskier customer for a creditor. So before you apply for a loan, work on getting your debts paid down. This includes consumer loans, credit cards and even student loans. If you do have to apply for a loan before you pay down your debts, you may still be approved for the loan, but it will most likely have a higher interest rate.

It is obtained by dividing the monthly debts by the gross monthly income. It is used to qualify borrowers on full doc and stated income programs. The front ratio is the total house payment (P.I.T.I.) divided by gross income, the back ratio adds other installment or revolving debt to the P.I.T.I. then divides by the gross income.

The lending industry works universally within ratio. This means that your income can get you a certain amount of credit based on the ratio scale. The same ratio is used for all consumers. Therefore, if you have a high income your debt to income ratio will be very similar to that of a person with considerably less income. The amount of debt could be drastically different, but the ratios would be very similar.

OMarket's ratio system is based on the officual OGame.org: 3:2:1, which means 3 metal worth 2 crystal or 1 deuterium. We tryed to optimize it a bit and have decided that the resource in trade should be fixed and used as the currency to which the other two resoucres are compared for evaluation. OMarket's ratio system is similar to OGame's only multiplied by 100: 300:200:100, this prevents the use of decimal numbers due to convenience reasons.

The contention ratio is the number of users you share your available bandwidth with. For instance, if you choose one of our broadminded home products, you are potentially sharing your available bandwidth with up to 50 other subscribers. If you choose one of our broadminded business products, you are potentially sharing it with 20 other users. However, most people do not access the internet every second of the day so broadband is shared.

If you buy an annuity with non-qualified after-tax dollars, the Exclusion Ratio is the percentage of your lifetime income payments that you will not have to treat as income (for federal income tax purposes).

Usually done in consultation with a counselor, borrowers may reduce the sum of their payments by assessing the financial condition of the borrower and realistically calculating a payment plan. Find. Learn. Save. Consolidate Debt Refinance Mortgage Buy a Home Get Debt Free Get Insurance Pay Bills Online Get a Loan Learn About Credit Ask Bill a Question Learn More

In order to minimize the chances of borrowers' getting in over their heads financially, most of the lending industry has agreed that a borrower's monthly housing expense should not be greater than 28% of the borrower's gross monthly income (income before taxes).