Figure Out Your Debt to Income

For example, if you pay $ 3000 a month for your mortgage (escrowed and HOA added) and another $500 a month for an auto loan and $400 a month for the rest of your debts, your monthly debt payments are $3900. ($3000 + $500 + $400 = $3900.) If your gross monthly income is $12,000, then your debt-to-income ratio is 33 percent.

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Marie McAllister
Luxury Real Estate Agent
561-702-5454
marie@mariemcallister.net

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COASTAL REALTY ONLINE | Phone: 561-702-5454 | marie@mariemcallister.net
Boca Raton, FL 33432

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