There are many things that a home buyer must take into consideration when they're trying to decide whether they're ready to buy a home, especially if it's a first home. Debt-to-income ratio (DTI) is one of those factors.
If you're thinking about buying a home sometime in the next several months, now is the time to find out what your debt-to-income ratio is, how it will impact your ability to buy a home, and what you can do to change your debt-to-income ratio (if it's too high). Understanding these matters can help you plan for the future, so you can position yourself to borrow money if you're planning to borrow a mortgage.
For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real
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