It can be difficult to qualify for a mortgage, even if you have a good credit record and steady income. Sometimes borrowers are turned down for a mortgage because of things that are out of their … [Read more...]
Debt-to-Income Ratio Calculator
Calculating your debt-to-income ratio is important to determining whether you qualify for a home mortgage. Zillow provides 2 calculators that will help you determine your debt-to-income ratio, … [Read more...]
What is your debt-to-income ratio, and why is it important in qualifying for a mortgage?
The debt-to-income ratio is one of the main criteria lenders use to determine whether you are qualified for a mortgage loan. It is a good indicator of your ability to repay the loan in the … [Read more...]
How will a job change affect my ability to qualify for a home loan?
I am often asked by borrowers whether changing jobs will affect their ability to qualify for a home loan. Whenever you are in the process of buying a home or contemplating buying in the future it is … [Read more...]
Debt-to-Income Ratios
Debt-to-Income Ratio When applying for a loan you will often hear your mortgage adviser talk about your debt-to-income ratio. This is simply a comparison of your monthly obligations to your total … [Read more...]
