Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to get a loan with a high debt-to-income ratio

The Mortgage Report

High debt payments make it harder to get approved for your mortgage. But you can learn how to get a loan with a high debt-to-income ratio.

article thumbnail

Debt-to-income ratio, taxes, and insurance: How your DTI is calculated

The Mortgage Report

DTI, your 'debt-to-income ratio,' includes taxes and insurance as part of your mortgage payment. Here's how to find your DTI with taxes and insurance.

article thumbnail

What’s a good debt-to-income ratio for a mortgage? What lenders want to see

The Mortgage Report

What's a good debt-to-income ratio for a mortgage? Most lenders want to see 43% or lower. But a higher DTI can be ok, too. Here's what you should know.

article thumbnail

What Is Debt-to-Income Ratio? The Key to Qualifying for a Mortgage

Realtor.com

phototechno/iStock What is debt-to-income ratio? You know what debt and income each mean independently. Debt is money you owe to another party. Meanwhile, income is the sum of the money you make from your job, part-time work, alimony, or income-producing assets such as real estate or stocks.

article thumbnail

Lenders: Looking to simplify closings? Work with an insurance agency

Housing Wire

An affordable home insurance policy not only means lower monthly payments, but also improved debt-to-income ratio and more money to put towards home improvements, property taxes or closing costs. We’ve seen savings of up to 30% in difficult markets like Texas and Florida. You can also request a policy and easily print EOI.

article thumbnail

Debt-to-income ratio for mortgage explained

The Mortgage Report

Learn how to calculate your Debt-to-Income (DTI). See which mortgage programs and mortgage rates may be available to you.

article thumbnail

Should You Focus on Saving for a Down Payment or Lowering Your Debt-to-Income Ratio?

RIS Media

When you apply for a mortgage, the lender will look at your income and debt, as well as the amount of money you can put down. Lenders also have guidelines related to debt-to-income ratio, as well as the percentage of gross monthly income that goes toward making minimum credit card and loan payments.