This 28 percent cap is based on a borrower’s front-enddebt-to–income (DTI) ratio, or their monthly mortgage payment compared to their income. “It’s based on decades of lending data showing that borrowers who keep their housing costs at or below this threshold are more likely to succes...
The largest percentage of household spending is used to: a. pay taxes. b. purchase services. c. purchase durable goods. d. purchase nondurable goods. Durable and Non-Durable Goods: The durable goods are that category of goods that...
Allocate no more than 24 percent of your income for housing. This is close to the traditional advice of keeping the housing payment to no more than one week's pay. If your housing payment is significantly higher, then consider getting a second job or moving to a less-expensive neighborhood....
50% of your total waking hours during any given working day. How to spend less time at work Of course the above amount of time actually spent working will vary depending on a variety of factors, not least on your income and expenditure, but also on the generosity of your parents, any ...
Why has the proportion of income spent on consumer goods in Canada decreased over the past 50 years? List three reasons why the US poverty rate has not changed much since the 1970s. Explain why a firm that incurs losses would choose to produc...
The population of a country increased by an average of {eq}2 {/eq}% per year from 2000 to 2003. If the population of this country was {eq}2,000,000 {/eq} on December 31, 2003, then the population of this country on January 1...