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

December 20, 2021 auto loan, calculate your debt, calculating your DTI, child support, credit card debt, credit card payments, credit cards, credit report, credit score, credit utilization ratio, debt consolidation, financial health, gross monthly income, high interest, monthly bills, mortgage lenders, mortgage payments, personal loans, products and services, qualified mortgage

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) ratio” or “credit score.” You will be more familiar with terms like these as you […]

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Morty is a licensed mortgage broker. NMLS ID # 1429243. NMLS Consumer Access. All loans originated by Morty are funded by third party lenders. Morty, Inc. is authorized to do business as “Morty” in certain states. Morty is an equal housing lender.

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