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 […]
A snapshot of how credit works. Keeping a great credit score is the best way to save money on your mortgage, car loan, credit cards, and other interest rates, and it can take a lifetime of responsible financial choices to achieve that. Unfortunately, there isn’t just one credit score because there are several credit reporting […]