Can someone explain what front and back ratios are? by kiople22_147_708 from Denver, Colorado. Aug 19th 2011
Front End ratio is how your gross income compares against the full mortgage payment. Back end ratio, is how your Gross income compares against your mortgage payment + all of your other payments.What they want to make sure is that you are not taking out a mortgage payment that is 50% of your income.You are welcome to call if you would like further explanation.ThanksEddie Stephen - 720-217-2200
I looked at the other answers and they look good. If you need any other details, give me a shout. Kyle. Bayview Home Loans
Ask our community a question.