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Some questions from a first time buyer

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oscar_actuary
Frequent Contributor
‎04-03-2013 09:26 AM
‎04-03-2013 09:26 AM

Re: Some questions from a first time buyer

front end ratio ( that's just PITI, right?) is usually 33%?  I always thought 28%.  But I could see it moving with a large down payment

 

personally I'd feel real cramped paying out 33% of Gross just on PITI

 

 

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Message 11 of 12
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MovingForward_2012
Valued Contributor
‎04-03-2013 10:10 AM
‎04-03-2013 10:10 AM

Re: Some questions from a first time buyer

Yes front end ratio is just PITI. Back end ratio is PITI plus all the required debts on your credit report.
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