Tag Archives: calculating your DTI

Debt-to-Income Ratio: What is it and How is it Used by Lenders?

Part of Money Matters

When you are thinking about buying a house, you’re probably envisioning the memories you’ll make in your new home, the great family dinners and nights hanging out with friends. Your thoughts may not initially stray into terms like “debt-to-income (DTI)…

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What to keep an eye on as home sales fall and prices rise

Existing home sales fell 3.4% in May while the median home price rose above $400,000 for the first time, according to data just released by the National Association of Realtors (NAR). Despite the headlines, these numbers aren’t necessarily a reason to panic.

How to Calculate Debt-to-Income Ratio (DTI) Yourself

Part of Homebuying 101

When you first thought about purchasing a home, you probably jumped online to do some basic research. You may have wondered about what information you need to share with a lender or mortgage broker to buy a home. Here’s one…

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National Homeownership Month: 5 tips for Homebuyers in a Competitive Market

Homeownership is an enduring component of the American Dream – a benchmark Americans have measured success and well-being against for years. June marks the celebration of National Homeownership Month (NHM), dedicated to honoring those notions and celebrating the ways homeownership benefits families and communities across America.