Real estate tip: Income-to-debt ratios determine loan type
Is gross household income the amount after taxes?
By Inman News, Friday, January 16, 2004.Inman News®
Gross income refers to your total household income before taxes or expenses have been subtracted. Lenders use your gross income to calculate various ratios of income to debt when you apply for a loan.
Send a comment or news tip to our newsroom.
Please include the headline of the story.
Copyright 2004 Inman News
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
You must login or register to post a comment.