FOR BUYERS: UNDERSTANDING THE DEBT-TO-INCOME RATIO
An important factor prospective home buyers must take into consideration is the Debt-to-Income Ratio, or DTI. If not understood and handled correctly, prospective homebuyer may not get approved for a loan. I found this article that explains DTI and offers some excellent tips on making sure your DTI doesn’t negatively affect your loan approval. As an Accredited Buyer’s Representative (ABR®), I want to make sure you have all the information you need to become a happy and satisfied homeowner. Please let me know if you have any questions. I look forward to working with you!