Debt To Income Ratio

Summary: There are a few different reasons why mortgage applicants may be denied a home loan, and debt load is one of them. In this article, we’ll go over how debt is one of the more common reasons for mortgage…'

If you are applying for an FHA loan to buy a house, your debt-to-income ratio will be assessed. According to data, the average DTI has been increasing among borrowers. This article will explain more. '

For those who are looking to buy a home soon, keep in mind that the Debt-to-Income ratio of the borrower plays a huge role in the approval of your mortgage application. A low DTI may make it easier for the lender and the underwriter to justify making a loan to the borrower.'

For those who are looking to get a mortgage, the most important factor for having a mortgage application approved is the debt-to-income ratio of the borrower.'