Your debt-to-income ratio (DTI) is among the most crucial considerations for a mortgage lender because it signifies your financial ability to pay off a mortgage loan. A high DTI tends to mean more risk for the bank, a smaller DTI means less risk.
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Your debt-to-income ratio (DTI) is among the most crucial considerations for a mortgage lender because it signifies your financial ability to pay off a mortgage loan. A high DTI tends to mean more risk for the bank, a smaller DTI means less risk.