Back-end ratio

Back-end ratio,

Definition of Back-end ratio:

  1. One of the ratios used by lenders in judging an applicants capacity to pay back a home mortgage loan. Lower this ratio is, the better qualified the applicant is for the loan. Also called back ratio. See also front end ratio. Formula: (All other loan installments + Installment on the applied-for loan + Monthly-portion of estimated property taxes + Monthly-portion of home-insurance premium) ÷ Gross monthly income.

Meaning of Back-end ratio & Back-end ratio Definition

Back-End Ratio,

How To Define Back-End Ratio?

The definition of Back-End Ratio is: The back-end index, also called the debt ratio, is an index that shows how much a person's monthly income is spent to pay off debt. Total monthly debt includes expenses such as mortgage payments (principal, interest, taxes and insurance), credit card payments, repayment of debts and other debts.

Literal Meanings of Back-End Ratio

Back:

Meanings of Back:
  1. The posterior surface of the human body from the shoulders to the hips.

  2. An aspect or part of something that is too far away from the audience, or the direction in which it is moving or reversing.

  3. A field player whose starting position is behind the front lines.

  4. Take a step back to the opposite step that you saw or did.

  5. Express previous or normal state.

  6. Then or before

  7. Behind.

  8. Provide financial, material or moral support a.

  9. Go or come back

  10. Cover the back (of something) to support, protect or decorate.

Sentences of Back
  1. Fell on his back

  2. There is a deserted garden behind the hotel

  3. His back shows impressive movement and passing

  4. He took a step back

  5. He put the book back on the shelf

  6. In 1955 there was a fortune

  7. They answered me

  8. There is a journalistic empire that supports it

  9. I stepped back and went back to the highway

  10. Mirror from a tortoise shell

  11. The path leads to many cafes

Synonyms of Back

rear, rear side, other side, full back, back, sweeper, backwards, behind one, to one's rear, rearwards, sponsor, finance, put up the money for, fund, subsidize, underwrite, promote, lend one's name to, be a patron of, act as guarantor of, support, reverse, drive backwards, move backwards, cover, put a lining in

End:

Meanings of End:
  1. The last part of something, especially a period of time, activity or date.

  2. The farthest or farthest part or point of something.

  3. A goal or result.

  4. (Bowling and curling) Game sessions in a certain direction on the playing field.

  5. An offensive or defensive lineman close to the line of contact.

  6. Come or go to the end.

Sentences of End
  1. End of year

  2. Last house

  3. Each will use the other to achieve its goals

  4. Defensive end

  5. When the war ended, politics changed

Synonyms of End

conclusion, termination, ending, finish, close, resolution, climax, finale, culmination, denouement, extremity, furthermost part, limit, margin, edge, border, boundary, periphery, aim, goal, purpose, objective, object, grail, holy grail, target, mission, conclude, terminate

Ratio:

Meanings of Ratio:
  1. A quantitative relationship between two quantities, indicating how many times one value joins another or joins another.

Sentences of Ratio
  1. The employment rate for men and women is 8 to 1

Synonyms of Ratio

proportion, comparative extent, comparative number, quantitative relation, correlation, relationship, correspondence, balance