Remove Bankruptcy Remove Debt-to-income ratio Remove Equity Remove Short sale
article thumbnail

What Is an Alt-A Mortgage?

RIS Media

Lenders have limits regarding debt-to-income ratio, or the percentage of a borrower’s monthly income that can go toward debt payments. With Alt-A mortgages, lenders may be more flexible with DTI ratios. A high loan-to-value ratio means that an Alt-A borrower will have little or no equity.