by Kristin Austin | May 30, 2024 | Debt |
Managing your debt effectively starts with understanding your debt-to-income (DTI) ratio. This guide helps you calculate your DTI ratio so you can leverage it for smarter financial planning. Key Takeaways Your debt-to-income ratio measures your monthly debt payments...
by Tyler Brunell | May 23, 2024 | Debt |
Your debt-to-income (DTI) ratio is a financial metric that lenders use to assess your ability to manage monthly debt payments relative to your income. Your total monthly debt payments include costs such as: Mortgage/rent payments Minimum credit card payments Auto...
by Tyler Brunell | Apr 10, 2024 | Credit, Loans |
Your credit scores play a crucial role in determining your eligibility for a home loan. These three-digit numbers, typically ranging from 300 to 850, reflect your credit history and payment behavior as a borrower. Mortgage lenders use credit scores to assess...
by Abigail Masterson | May 13, 2020 | Debt |
If you’ve recently been in the market for a mortgage loan, you may have come across the term “debt-to-income ratio.” This ratio is one of the many factors lenders use when considering you for a loan. But what is a debt-to-income ratio? A debt-to-income-ratio (DTI) is...
by Kristin Austin | Jan 10, 2025 | Debt |
Debt consolidation can be a helpful tool for managing multiple debts, but does debt consolidation affect buying a home? This article explores various aspects of debt consolidation and its effects on home buying. Jump Ahead: Understanding Debt Consolidation...
