Did you know that a high debt-to-income (DTI) ratio is the #1 reason mortgage applications get rejected? š¤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. š 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? š¤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.
š
https://guillermosanjurjo.myagent.site/top-4-factors-to-consider-when-choosing-your-mortgage/ />
http://dlvr.it/TGDdP4
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.
š
https://guillermosanjurjo.myagent.site/top-4-factors-to-consider-when-choosing-your-mortgage/
http://dlvr.it/TGDdP4
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