FHLMC Debt Ratio: What Liabilities to Include and Exclude - Part 1
This free mortgage training video discusses liabilities to include for monthly debt payment-to-income-ratio, this part focuses on monthly housing expense & payment on all installment debts, example calculation on student loans repayment & student loans in deferment or forbearance, alimony,child support or maintenance, monthly payments on revolving or open-ended accounts regardless of balance, monthly lease payments, aggregate net rental loss, monthly payment amount for other properties and more. Ideal for mortgage loan officers & underwriters.
DISCLAIMER: The views and opinions expressed in this video are those of the presenter and do not necessarily reflect any official CampusMortgage® policy or position. Examples of analysis performed within the video are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of CampusMortgage®. Nothing contained in this video should be considered legal advice. Due to ongoing changes to mortgage regulations and guidelines, the information presented in this video is time sensitive and subject to change, without notice. Although every effort has been made to ensure accuracy, CampusMortgage does not guarantee the accuracy of any information contained herein. This video is for informational purposes only and not intended to be used in place of any official government guideline or regulation. Each Investor and/or Lender may have additional overlays, which you need to be aware of.
© 2022 CampusMortgage®. All Rights Reserved. Without the prior written permission of Mortgage University, Inc. (DBA CampusMortgage), no part of this video/content may be used, reproduced or transmitted in any form.
