How to calculate debt to income ratio

Qualified mortgages require debt-to-income ratios of no more than 43 percent.

The debt-to-income ratio is a method for a lender to measure a borrower’s ability to manage the payments made every month in order to repay the money borrowed. To calculate a debt-to-income ratio, a lender will add up all of a borrower’s monthly debt payments and divide that number by the borrower’s gross monthly income. Gross monthly income is the amount of money a borrower earns before taxes and other deductions are removed.

If you find that your debt to income ratio is too high, you could:

  • Use a larger downpayment to reduce the loan amount.
  • look for a lower priced home
  • Pay off the balances on your existing debt
  • increase your monthly income

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Flexible hours, hands on mentor-ship, with an established and successful brokerage. I will walk you thru the process of getting your required education and license, then reimburse many of your costs after your first closing.

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Single Story For Sale in Kotzebue, Northwest Arctic Borough

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•  single story$300,000.

– Lots 1, 2 & 8, Block 12, USS 4498, Tract A. The “L”-shaped parcel consists of three lots totaling 38,644 square feet or 0.89± acre. House Addresses: “House numbers” of the mobile homes located on the appraised property are identified by the City of Kotzebue as 833A, 833B, 833C and 846A; there is also a garage identified as 832.

Public water, sewer, electricity, and telephone available.

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Commercial For Sale in City of Nome, Nome

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•  2,000 sq. ft., 3 bath, 1 bdrm commercial$285,000.

– Coffee, tea, and music!!!!
This eclectic business opportunity isn’t your neighborhood Starbucks…..its a speakeasy style of bistro that includes the local music store and gift shop, has an apartment above it, and comes with all the best coffee clientele of Nome!

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Annual Pet Vaccination Clinic

It’s time again to immunize and license your pet at the City of Nome’s Annual Vaccination Clinic.
WHEN: Friday, December 11, from 5:30 p.m. to 7:30 p.m.
Saturday, December 12, from 11 a.m. to 5 p.m.
Sunday, December 13, from 11 a.m. to 5 p.m.
WHERE: Nome Animal House (behind the AC store)
$65 for altered, $80 for unaltered, which INCLUDES ALL yearly required vaccines, and deworming, for your dogs and cats, and also the 2016 City of Nome License.