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Contact Information |
Jeff McIlhenny Beacon Brokers Realty
Cell: 843-452-2953
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Local News |
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A more powerful mayor in Mt. P.?
MOUNT PLEASANT -- The town should have a full-time mayor with power like mayors in Charleston and North Charleston, Mayor Billy Swails said. The mayor will ask Town Council to approve a referendum on the issue. "I don't want anybody to think it is a power grab for me. It is working myself...
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Spoleto plans go smoothly
With her opening remarks on the organizational state of affairs, producer Nunally Kersh typified the lighthearted mood of the Spoleto Festival USA board's annual February meeting on Saturday. "Things are going eerily smoothly," said Kersh, representing the program committee. "It is all co...
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Krewe for a cause
They had the masks, the beads, the booze, the king and queen -- now all they need is a parade. The Krewe of Charleston brought a little taste of Mardi Gras to the Holy City Saturday night with its Royal Bal Masque at the Gaillard Municipal Auditorium.
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What Is The Standard Debt To Income Ratio? |
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Providing valuable resources for our Charleston SC Real Estate Buyers and Sellers is our top priority.
A standard ratio used by lenders limits the mortgage payment to 28 percent of the borrower's gross income and the mortgage payment, combined with all other debts, to 36 percent of the total.
The fact that some loan applicants are accustomed to spending 40 percent of their monthly income on rent -- and still promptly make the payment each time -- has prompted some lenders to broaden their acceptable mortgage payment amount when considered as a percentage of the applicant's income.
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