Probably a dumb question

[Anonymous]

I always see "Front end" and "back end" ratios mentioned.. but uhhh, which is which? One refers to your potential mortgage payment and the other refers to your other monthly debt obligations, right?

[DallasLoanGuy]

front or top ratio is housing ratio = piti/income

bottom or back ratio is total expense ratio = piti+minimum monthly obligations/income.

Message Edited by DallasLoanGuy on 05-14-2008 03:49 PM

[Anonymous]

And there you have it ...

BTW, there's no such thing as a dumb question around here ...

[DallasLoanGuy]

Ditto da Mod