What is the net housing ratio to determine affordability?
What is the net housing ratio you should use to calculate affordability and who sets that standard?
Debt-to-income ratios for mortgage qualification are set by individual lenders. The most common are the front-end and back-end ratio. To learn more about the ratios that are used to determine mortgage affordability, review this eXtension FAQ: http://www.extension.org/pages/45171/what-financial-ratios-are-the-most-important-to-a-homeowners-as....