Im applying for a credit card and it asks me that? Do they mean how much i pay for my house or what?? Im confused!
2006-11-10 08:15:15 · 8 answers · asked by Jennifer 2 in Business & Finance ➔ Credit
Yes if you pay monthly rent or mortgage payment then that is the amount you would use.
2006-11-10 09:36:53 · answer #1 · answered by Gone fishin' 7 · 0⤊ 0⤋
Monthly Housing Payment
2016-11-11 02:10:49 · answer #2 · answered by saleh 4 · 0⤊ 1⤋
This Site Might Help You.
RE:
What does MONTHLY HOUSING PAYMENT mean?
Im applying for a credit card and it asks me that? Do they mean how much i pay for my house or what?? Im confused!
2015-08-06 19:30:35 · answer #3 · answered by Anonymous · 0⤊ 0⤋
This is the same for any loan application. It is equal to the monthly mortgage + insurance + taxes on the property. If you are a renter they want to know your rental amount.
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2006-11-10 08:42:22 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Monthly: Once per month.
Housing: Domicile, dwelling, residence.
Payment: Money exchanged for goods or service.
Hence: How much do you pay every month for your rent, lease, or mortgage?
2006-11-10 08:18:52 · answer #5 · answered by Cybeq 5 · 1⤊ 1⤋
Monthly housing does not refer to a loan repayment just how much it costs you each month for your accommodation. ie Where you live.
2006-11-10 08:18:08 · answer #6 · answered by eddie_schaap 4 · 0⤊ 0⤋
Seems to be a pretty straightforward question. If you own a home, what's your mortgage payment? If you rent, how much do you pay in rent?
They are trying to establish a debt-to-income ratio, how much of you income is already being paid for your housing and other obligations.
2006-11-10 08:17:22 · answer #7 · answered by Anonymous · 0⤊ 5⤋
This is a good question, and one that has been the source of confusion for me for quite a long time.
2016-08-23 10:27:26 · answer #8 · answered by Anonymous · 0⤊ 0⤋
I was thinking to ask this too
2016-08-08 19:06:02 · answer #9 · answered by Sondra 3 · 0⤊ 0⤋