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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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COLUMBIA -- Georgia will play at South Carolina on Saturday without its best player.
Star receiver A.J. Green, from Summerville, was hit Wednesday afternoon with a four-game suspension from the NCAA. 
North Charleston will take a step toward legalizing gambling cruises from the Cooper River when the first phase of Mayor Keith Summey's proposal goes to the city Planning Commission next week. 