Mortgage Coverage Ratio?

Answer Before lenders approve your mortgage application, they want to make sure that you can afford the monthly payments. They do this by looking at a pair of mortgage coverage ratios: your debt-to-income... Read More »

Top Q&A For: Mortgage Coverage Ratio

The Differences Between Interest Coverage Ratio and Fixed Assets to a Long-Term Liabilities Ratio?

The interest coverage ratio and the fixed assets to long-term liabilities ratio are two completely different types of metrics. Managers use both ratios to gauge the status and performance of distin... Read More »

Debt to Income Ratio for a Mortgage?

To qualify for a mortgage loan, you must meet certain criteria. Mortgage lenders look at not only your credit score and monthly income, but also at debt. Many mortgage lenders focus on the debt to ... Read More »

How do I calculate debt to income ratio for a mortgage?

Add up all monthly debt payments, including credit card payments, car loan payments, student loan payments, current mortgage or rent payments, line of credit payments, alimony and child support pay... Read More »

What is the recommended loan to value ratio for a mortgage refinance?

The loan to value ratio (LTV) for a mortgage refinance is the amount of the loan divided by the value of the home. For conventional mortgages, the maximum LTV is 95 percent. For FHA mortgages, the ... Read More »