Wednesday, August 23, 2017
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RE/MAX Best 2925 Hwy. 51, Suite B
Licensed by the Louisiana Real Estate Commission, Independently Owned & Operated
2925 Highway 51
LaPlace U.S.A., Louisiana 70068

Office: (985)652-7653X
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What can you tell me about the debt-to-income ratio lenders use to qualify borrowers?

Abacus Many lenders use two ratios when they decide whether to approve a mortgage. If, for example, the ratios are 28/36, 28% means the lender will allow a mortgage payment (including principal, interest, taxes and insurance) of up to 28% of the borrower's monthly pre-tax income. The 36% means all loan and credit payments cannot exceed 36% of the borrower's monthly income.

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FIRST TIME How To Buy The Most Home For Your Money
QUALIFIED How Much House Can You Really Afford?
TIRE KICKING Secret Tests To Check A Property's Condition
LOCATION LOCATION: The Most Important Questions Every Buyer Should Ask
NEGOTIATE How To Buy The Home You Love At The Price You Want
SEARCH Quick Checklist For Finding The Perfect Home
INVEST YOUR RENT Why Pay Your Landlord's Mortgage?
MORE FOR LESS Six Tips For Getting The Best Loan
OPTIONS 10 Savvy Ways To Pay For A Home Today
SHELTER Six Little-Known Ways To Help Relatives Finance A Home
 
 
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