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What Is Debt-to-Income and How Does It Affect Your Ability to Buy a Home?
Manage episode 373922396 series 3364189
Join mortgage expert Ivan Simental NMLS# 1762746 as he discusses the concept of debt-to-income ratio (DTI) and its crucial role in determining your ability to purchase a home. Whether you're a first-time buyer or considering a new mortgage, understanding the significance of DTI is essential for navigating the homebuying process with confidence.
Ivan guides us through the ins and outs of DTI. He discusses what DTI is, how it is calculated, and why lenders consider it when assessing your mortgage application. Gain valuable insights into the ideal DTI range and learn strategies for managing your DTI, including tips for reducing debt and increasing income to improve your financial profile.
>> Read the article "Debt-to-income ratio for mortgage explained"
Learn more about home buying, refinancing, and real estate investing at themortgagereports.com
The Mortgage Reports Podcast is operated by Full Beaker, inc. NMLS# 1019791
Equal Housing Opportunity.
122 episodes
Manage episode 373922396 series 3364189
Join mortgage expert Ivan Simental NMLS# 1762746 as he discusses the concept of debt-to-income ratio (DTI) and its crucial role in determining your ability to purchase a home. Whether you're a first-time buyer or considering a new mortgage, understanding the significance of DTI is essential for navigating the homebuying process with confidence.
Ivan guides us through the ins and outs of DTI. He discusses what DTI is, how it is calculated, and why lenders consider it when assessing your mortgage application. Gain valuable insights into the ideal DTI range and learn strategies for managing your DTI, including tips for reducing debt and increasing income to improve your financial profile.
>> Read the article "Debt-to-income ratio for mortgage explained"
Learn more about home buying, refinancing, and real estate investing at themortgagereports.com
The Mortgage Reports Podcast is operated by Full Beaker, inc. NMLS# 1019791
Equal Housing Opportunity.
122 episodes
All episodes
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