Homeowners' association fees for a condominium unit cover all costs except O insurance on your personal belongings within your unit the upkeep of amenities such as the pool, tennis courts, gym, and clubhouse O insurance on your building O management and upkeep of the common grounds and outside of the buildings Lenders use the ratio to compare a borrower's total monthly debt repayments (including the prospective loan's PITI payment and any auto, credit card, or other debt obligations) to his or her gross (pre-tax) monthly income. For most reputable lenders, a ratio of or less is desirable, and according to current legislation, the ratio cannot exceed for a qualified mortgage. If you don't want the $15,000 of additional savings available from your family to affect your back-end ratio, then a lender may require: That you refuse the gift or the loan of the money O None of these, as this help from your family will not affect your back-end ratio O A gift letter that says that the funds are truly a gift to the borrower and are being distributed from the borrower's own funds That the terms of the loan be put in writing If you need to improve your back-end ratio, you can: Check all that apply. Choose a home in a higher price range Reduce the down payment on your new home Pay down or pay off your existing credit card debt Increase your monthly gross income Stop paying your student loan