HOW TO CALCULATE THE DEBT-TO-INCOME RATIO?
Tons of people dislike math, but there is one easy calculation that is very necessary when purchasing a house. This is called the debt-to-income ratio. Having a strong debt-to-income ratio can assist a person get approved. Having a weak debt-to-income ratio can be the key difference between approval and denial for a house loan. The portion of calculating the ratio is rather simple. Understanding what is included, and what is not included in the calculation, requires a bit more work. I’ll… Read More »HOW TO CALCULATE THE DEBT-TO-INCOME RATIO?