Did you know that a high debt-to-income (DTI) ratio is the #1 reason mortgage applications get rejected? šŸ¤Æ ⁣ ⁣ Your DTI ratio is the percentage of your gross monthly income that goes toward debt payments, including your mortgage. ⁣ ⁣ Lenders use DTI to assess your ability to afford a home. So, how can you avoid rejection and qualify for better rates? ⁣ ⁣ ✅ Aim for a DTI ratio of 36% or lower to qualify for the best rates. ⁣ ⁣ ✅ Pay down credit cards, auto loans, student loans, and other debt. ⁣ ⁣ ✅ Increase your income to offset your debts and lower your ratio. ⁣ ⁣ Ready to learn more? Check out our latest blog post to get more tips for taking out a mortgage. ⁣ ⁣ šŸ”— https://guillermosanjurjo.myagent.site/top-4-factors-to-consider-when-choosing-your-mortgage/

Did you know that a high debt-to-income (DTI) ratio is the #1 reason mortgage applications get rejected? šŸ¤Æ ⁣
⁣
Your DTI ratio is the percentage of your gross monthly income that goes toward debt payments, including your mortgage. ⁣
⁣
Lenders use DTI to assess your ability to afford a home. So, how can you avoid rejection and qualify for better rates? ⁣
⁣
✅ Aim for a DTI ratio of 36% or lower to qualify for the best rates. ⁣
⁣
✅ Pay down credit cards, auto loans, student loans, and other debt. ⁣
⁣
✅ Increase your income to offset your debts and lower your ratio. ⁣
⁣
Ready to learn more? Check out our latest blog post to get more tips for taking out a mortgage. ⁣
⁣
šŸ”—
https://guillermosanjurjo.myagent.site/top-4-factors-to-consider-when-choosing-your-mortgage/ />

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