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 […]
gross monthly income
How to Calculate Debt-to-Income Ratio (DTI) Yourself
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 piece of the puzzle: Lenders want to verify that you have a good debt-to-income (DTI) […]
How Much House Can I Afford?
When buying a home, one of your first thoughts probably turns to the following question: “How much house can I afford?” You may wonder how large of a house you should and can purchase (especially when buying your first home). It’s one of the most important questions you can ask, because you want to feel […]