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Total Expense Ratio – Mortgage Glossary

Mortgage Glossary

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Total Expense Ratio

A measure that is used to qualify a borrower by looking at the ratio of the total monthly expenses that a borrower has, including debts, to the amount of income that a borrower has.

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Typical Interest Payments

First Time Buyers

2.89%

Purchased Fixed

2.89%

Discounted Rate

2.99%

Buy To Let

2.99%

Commercial

3%

 

 

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Mortgage Glossary

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