answersLogoWhite

0


Best Answer

That question can not be answered without the overall expenses being outlined. When true debt-to-income ratios are calculated, they include all debt known to the lender from credit cards, auto loans, home insurance, home taxes...etc.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the Qualifying income to buy 1000000 home?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

IS THERE A GRANT THAT HELP LOW INCOME PEOPLE BUY A HOME?

IS THERE A GRANT THAT HELP LOW INCOME PEOPLE BUY A HOME


Do you need to be a qualified buyer to buy a home that the owner will carry?

Yes, for the most part, you will have to have some qualifying element.


How do you find a non qualifying home loan to buy a house?

Try your Sunday Newspaper under " NON-QUALIFING"


How is the home-buyer's 6500 tax credit paid to you?

Under the new lawman eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010. For qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return.First it is a credit on your income tax return and it will be used to offset any federal income tax liability that you may have on your 1040 income tax return.When you do not have any federal income tax liability then the all $6,500 of the tax credit will be refunded to you after you complete and file your 1040 income tax return and the IRS finish the processing of your income tax return.


How much income is needed to buy a home?

While income is an important factor in the purchase of a new home, it is not the only criterion. However, generally, lenders will not loan money on a home where the payment exceeds 28 percent of a monthly income.


What should you do with 1000000?

go buy a golden house


Where is the Phoenix warbird?

you can buy it at dragon cove for 1000000 doubloons


Can i buy a house if i have associate's degree?

Your education doesn't determine home ownership. Your income is the primary factor.


How old do you have to be to buy a home?

Basically you have to be an adult and have a steady income and downpayment to where it makes sense to loan you the money.


How can you make 1000000 quick?

Buy something for 1,000,000 and then sell it for 2,000,000.


How do you find masterball in Pokemon shiny gold?

u buy it for 1000000


Where can you get 1000000 customers to buy your product for 1 pound each?

You can get 1000000 customers wich buys your prouct at the place where their currenncy is pound & your product is accepted by coustomers & willingness of 1000000 customer per day