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.
VA Loan Debt Ratio Requirements. Part of the VA loan approval process when buying a home, various factors are taken into consideration. A timely credit history must be established, steady income and debts need to be verified and a debt ratio needs to be calculated. The VA debt ratio requirement is 41. The VA debt ratio is calculated by dividing monthly debt with gross monthly income. For instance, if the new mortgage and car payment add up to $2,000 and gross income is $6,000, the debt ratio is 2,000 divided by 6,000, or .33.