What are your average monthly expenses? This includes car payments, credit card minimum payments, and all other monthly payments that must be made. Do NOT include rent, since that payment will go away.

What other payments are there? Example: car insurance which might be paid either quarterly or yearly. Combine all other non-monthly expenses and add them up. Put that total in here and select yearly.

Partner's Information Partner's Name
Primary Work Income Per what? Hour Week 2 weeks Month Year
Any additional income? Per what? Hour Week 2 weeks Month Year

What are your average monthly expenses? This includes car payments, credit card minimum payments, and all other monthly payments that must be made. Do NOT include rent, since that payment will go away.

What other payments are there? Example: car insurance which might be paid either quarterly or yearly. Combine all other non-monthly expenses and add them up. Put that total in here and select yearly.

Debt ratio percentages are used to determine what percentage of your income can be used for a house payment. There are actually two different numbers that are used. The first one is the ratio used when comparing your total GROSS income to what you can pay for a home loan. The second number is the ratio of how much you have left AFTER your other expenses are deducted away from your income. These numbers do not change much from lender to lender, so you should probably NOT change these values from the defaults I have put in.