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Tag Archive | "DTI"

Qualifying For a Mortgage: Mortgage Qualification Factors

Most find qualifying for a mortgage easy, though there are mortgage qualification factors that can trip some people up. It is best to understand what these factors are, so that you can take steps to rectify any potential problems in advance of your mortgage application. In doing this, keep in mind that the mortgage business […]

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Debt to Income Ratio Basics: The Importance of Your DTI

Fundamentally, your debt to income ratio (DTI) is the percentage of your income that is used to pay your debts, and is often abbreviated to the ‘debt ratio.’ Your ‘income‘ is your total gross income from all sources before tax, and the ‘debts‘ cover everything that you are currently repaying. For example, let’s say you […]

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