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What is a Qualifying Ratio?

A qualifying ratio is a debt-to-income ratio used by lenders to assess a borrower's ability to repay a mortgage. One way a qualifying ratio is calculated is by dividing the borrower's total monthly debt payments by their gross monthly income. Or a percentage of a person's monthly income is calculated to specifically cover housing expenses.


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two level farm house with front porch and garage
two level farm house with front porch and garage

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