Bar graphs are used to compare things between different groups or to track changes over time. However, when trying to measure change over time, bar graphs are best when the changes are larger. . . . an Area Graph. Area graphs are very similar to line graphs.
The typical bank limit on monthly mortgage payments is about 28 percent of your gross monthly income. Therefore, the bank thinks you can devote up to 28 percent of your household income to your mortgage payment and expenses (including taxes, insurance and association dues).
Most mortgage lenders require a monthly debt-to-income ratio of no higher than 43-50 percent. If a borrower was on an income-driven repayment plan, the lender was instructed to use 1 percent of the balance in place of the borrowerâs actual payment amount. But lenders using Fannie Mae underwriting standards can now use the existing payment, unless it is zero. To put this in perspective, a borrower with $60,000 in federal student loans, an adjusted fross income of $50,000 and a family size of three would have a payment under the REPAYE program â one of the several income-driven plans available â of about $161.