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Last updated April 15 2019 10:42 am
|Did you know...|
|Real Estate Term:||Back End Ratio (debt ratio)|
|Category:||Real Estate Finance|
|Definition:||a ratio that compares the total of all monthly debt payments (mortgage, real estate taxes and insurance, car loans, and other consumer loans) to gross monthly income.|
|Source:||U.S. Department of Housing and Urban Development. http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/buying/glossary|