A lot of what we do as mortgage brokers is work to qualify people to buy a home. As a result, we work with their debt-to-income ratio. A long track record of a good debt-to-income ratio often … [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...]
