Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
Dr. David Edward Marcinko; MBA MEd
***
***
💵 1. Gross Income Stability
A steady, predictable income stream over multiple years signals readiness.
📉 2. Total Debt‑to‑Income Ratio (DTI)
Your total monthly debt payments ÷ gross monthly income. Healthy target: ≤ 36%.
🏠 3. Housing Expense Ratio (Front‑End DTI)
Projected mortgage payment ÷ gross monthly income. Ideal: ≤ 28%.
💳 4. Credit Score
Higher scores unlock better rates and lower lifetime costs.
🧾 5. Down Payment Percentage
The portion of the home price you can pay upfront. More down = lower monthly burden.
🏦 6. Cash Reserves
Liquid savings left after down payment and closing costs. Aim for 3–6 months of expenses.
📈 7. Loan‑to‑Value Ratio (LTV)
Loan amount ÷ property value. Lower LTV = stronger financial position.
🧱 8. Emergency Fund Strength
A separate safety net for unexpected life events or repairs.
💼 9. Employment Stability
Consistent job history or reliable self‑employment income.
📊 10. Net Worth Trend
Your assets minus liabilities should be positive and growing.
🧮 11. Monthly Payment Stress Test
Can you still afford the payment if:
- Rates rise slightly
- Taxes or insurance increase
- Utilities or maintenance cost more
🧾 12. Closing Cost Readiness
Typically 2–5% of the purchase price. KPI: You can cover this without draining your reserves.
🛠️ 13. Post‑Purchase Savings Rate
After paying your mortgage and bills, you should still be saving monthly.
🏘️ 14. Cost‑to‑Rent Comparison
Compare total ownership cost vs. renting. Buying should align with long‑term financial goals.
📉 15. Debt Payoff Trajectory
Are your debts decreasing over time? A downward trend strengthens your buying position.
💡 16. Homeownership Operating Cost Buffer
Budget for:
- Maintenance
- Repairs
- HOA fees
- Utilities
- Property taxes KPI: You can absorb these without strain.
📆 17. Long‑Term Financial Stability Outlook
Your expected income, career path, and financial commitments over the next 3–5 years should support homeownership, not jeopardize it.
COMMENTS APPRECIATED
SPEAKING: Dr. Marcinko will be speaking and lecturing, signing and opining, teaching and preaching, storming and performing at many locations throughout the USA this year! His tour of witty and serious pontifications may be scheduled on a planned or ad-hoc basis; for public or private meetings and gatherings; formally, informally, or over lunch or dinner. All medical societies, financial advisory firms or Broker-Dealers are encouraged to submit an RFP for speaking engagements: CONTACT: Ann Miller RN MHA at MarcinkoAdvisors@outlook.com -OR- http://www.MarcinkoAssociates.com
Like, Refer and Subscribe
***
***
Share this:
Filed under: iMBA, Inc. | Tagged: david marcinko |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Leave a comment