Wondering How Much Home You Can Afford?
Susanne on June 19th, 2009 • No Comments
With home interest rates at historic lows and home values continuing to decline are you dreaming of buying a home but unsure of the first steps to take?
Getting your credit score in line (see March 2009’s “How to Build a Killer Credit Score”) is key; however, debt-to-income ratio ( DTI ) is considered one of the most important qualification requirements when getting a home loan approved. Simply put, DTI is a calculation of your monthly debt obligations compared to your adjusted gross income. (more…)
