Tag: DTI

 

Why Debt-to-Income Ratio is the cornerstone of any mortgage loan approval

When you’re applying for a mortgage loan to buy a house or refinance, lenders look at many important factors, including a borrower’s credit score, the amount of money they’re putting down, and how much money they have in the bank. But there is no determining factor more important than a borrower’s Debt-to-Income Ratio, or DTI […]