Bar graphs are used to compare things between different groups or to track changes over time. However, when trying to measure change over time, bar graphs are best when the changes are larger. . . . an Area Graph. Area graphs are very similar to line graphs.
The typical bank limit on monthly mortgage payments is about 28 percent of your gross monthly income. Therefore, the bank thinks you can devote up to 28 percent of your household income to your mortgage payment and expenses (including taxes, insurance and association dues).
For potential homeowners, the benefit of an FHA mortgage is the flexible lending standards. Conventional mortgage lenders require a 20 percent down payment. FHA borrowers can qualify to finance 96.5 percent of the home loan, making only a 3.5 percent down payment, which is easier to manage than 20 percent.