Greg Rekitt with 2 pound yellow perch caught from Presque Isle Bay. Jim McCarthy with a perch taken on a jig while trolling a waterway in Wayne County. Joseph Getz of Nazareth displays a yellow perch caught while ice fishing at Mauch Chunk Lake, Carbon County. Walker Loveland Sr., Wallsville, caught this nice perch from a local pond in Lackawanna County.
DEFINITION of 'Housing Expense Ratio'. A ratio comparing housing expenses to before-tax income that is used by lenders to qualify borrowers for a mortgage. The housing expense measure includes mortgage principal, interest payments, property taxes, hazard insurance, mortgage insurance and association fees. The limit is generally 28%. It is sometimes referred to as the front ratio.
There are two simple ratios that lenders use to determine how much to pre-approve a borrower for. Hereâs how these ratios are calculated: Ratio #1: Total monthly housing costs compared to total monthly income. 1  The borrower should write down, before deductions, the total gross amount received per month. 2  The number in step 1 should be multiplied by .28. 3  This is what most lenders will use as a guide to what the total housing costs are for the borrower.