US EditionHow the Debt-to-income Ratio for a Mortgage Works
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How the Debt-to-income Ratio for a Mortgage Works
You might be wondering, "Can you get a mortgage with debt?" Banks use something called the Debt-to-Income Ratio to decide if you can borrow for a house. This blog will show you how to calculate debt to income ratios and what numbers lenders want to see. Stick around, because getting your dream home may depend on it! Key Takeaways Banks use the Debt-to-Income (DTI) Ratio to decide if you can get a mortgage. It compares your debts to your…
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