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!

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  • 1 decade ago
    Best Answer

    Yes if you pay monthly rent or mortgage payment then that is the amount you would use.

  • saleh
    Lv 4
    3 years ago

    Monthly Housing Payment

  • Anonymous
    4 years ago

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    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!

    Source(s): monthly housing payment mean: https://tr.im/M3kJf
  • Anonymous
    1 decade ago

    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.

    I write a blog on the subject of credit management, mortgages, real estate trends, etc. Check it out for more information that may be helpful.

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  • Cybeq
    Lv 5
    1 decade ago

    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?

  • 1 decade ago

    Monthly housing does not refer to a loan repayment just how much it costs you each month for your accommodation. ie Where you live.

  • Anonymous
    1 decade ago

    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.

    Source(s): 10 years in mortgage banking
  • Anonymous
    3 years ago

    This is a good question, and one that has been the source of confusion for me for quite a long time.

  • 3 years ago

    I was thinking to ask this too

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