Debt to income ratio


 

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Debt to income ratio

A ratio used by lending institutions to determine whether a person is qualified for a mortgage. Debt-to-income is the total amount of debt, including credit cards and other loans, divided by total gross monthly income.



Debt to income ratio

Similar Matches

Residual income

Residual income

Income from efforts which continue to generate revenue over time without requiring additional effort (for example, a stream of future royalties from a book).


Home income plan

Home income plan

A plan enabling the normally elderly owner or owners of a property to utilise its capital value to their advantage (by providing an income) and still remain in residence.Typically a building society or insurance company provides a loan of up to 80% of the property value and this loan is used to purchase an annuity or joint life annuity (see annuity) in the case of say joint owners. The annuity payments are used to pay interest on the loan and provided 90% of the loan is invested in this way tax relief can be claimed. (The remaining 10% of the loan can usually be taken in cash with no restrictions). Thus after making interest payments net of tax relief there will be a surplus available to the owner or owners.Safe Home Income Plans (SHIP) is a self-regulatory body that was formed in 1991 to promote fairer schemes after thousands of elderly homeowners were left nursing large losses in the late Eighties. SHIP can be contacted on 01242 539494.


Corporate income fund (CIF)

Corporate income fund (CIF)

A unit investment trust featuring a fixed portfolio of high-grade securities and other investments, usually with monthly distribution of income.


Income distribution

Income distribution

A description of the fractions of a population that are at various levels of income. The larger are the differences in income, the "worse" the income distribution is usually said to be, the smaller the "better." International trade and factor movements can alter countries' income distributions by changing prices of low- and high-paid factors.


Gross income

Gross income

Your total income before tax and expenditures.


Further Suggestions

Adjusted Gross Income
Disposable income
disability income insurance
Income exclusion rule
property income taxation
Per capita income
Grantor Retained Income Trust (GRIT)
Passive Income Generator (PIG)
Monthly income preferred security (MIP)
Tax exempt income fund
nominal income
current income
income
Gross Income
High current income mutual fund
Disposable income
Spread income
Allocation of income rules
Net investment income per share
earned income
Passive income
income stock
Negative income tax
Gross Income Multiplier
Income baskets


 
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