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.
With a VA-guaranteed mortgage, you're also allowed to have more debt than in conventional home loan versions. While most lenders require a maximum debt-to-income ratio of 36 percent (i.e., total of credit card payments, car payments) on traditional mortgages, the VA ratio is set at 41 percent.The final loan approval decision is always up to the lender, though.hile most lenders require a maximum debt-to-income ratio of 36 percent (i.e., total of credit card payments, car payments) on traditional mortgages, the VA ratio is set at 41 percent. The final loan approval decision is always up to the lender, though.