Lenders use your DTI ratio to determine how much of a loan you qualify for. This article shows you how to calculate your DTI ratio and provides tips on how you can lower it to increase the loan amount you can get. Rate search: Check Today’s Mortgage Rates What is …
Read More »What’s the Ideal Debt-to-Income Ratio for a Mortgage?
When buying a mortgage, your debt-to-income ratio determines how much you will be approved for. The maximum DTI ratio for most loans is 43%, and in some cases, lenders will allow up to 50%. This article looks at debt-to-income ratios to find out the ideal ratio when buying a house. …
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