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 future.
In this video, we show you how to calculate both the front-end debt-to-income ratio and the back-end debt-to-income ratio. We give you an example of a borrower earning $60,000 per year, and tell you about exceptions to the minimum standards. Then we tell you about the questions we ask borrowers, and share the questions we ask borrowers.
For more detailed information about the debt-to-income ratio, see the associated article: What is your debt-to-income ratio, and why is it important in qualifying for a mortgage?
What is your debt-to-income ratio? Questions we ask borrowers.
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