08/23/2021
The debt-to-income (DTI) ratio is the percentage of your gross monthly income that goes to paying your monthly debt payments and is used by lenders to determine your borrowing risk. A DTI of 43% is typically the highest ratio a borrower can have and still get qualified for a mortgage, but lenders generally seek ratios of no more than 36%. So when working on your finances to purchase a home don’t just look at your credit. You’re welcome‼️✨Thank you for sharing and your referrals✨
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Alisha DeBerry, REALTOR®
| 📱 704.606.7051 | 📧 [email protected] alishaallen.cbintouch.com
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