Home Mortgages: What is a Debt-to-Income Ratio?
Learn what a debt-to-income ratio is and how lenders use it when reviewing your mortgage application. Mortgage lenders use a debt-to-income ratio (DTI) along with other criteria, including assets and credit score, to determine whether you’re a good risk for the loan you’re asking for. This ratio compares your overall monthly debt to your gross monthly income.
Home Loan After Bankruptcy: What Types of Mortgages Can You Qualify For?
You have options for getting into a home after bankruptcy. Suffering a bankruptcy can seem overwhelming both financially and emotionally. However, you have more options than ever to get back on your feet, including home loan after bankruptcy programs that you may qualify for. Here are some of your top options.