Who's Who in Getting a Mortgage
Discover the key players involved in getting your mortgage approved. To better understand how mortgages work, learn the players involved in securing a mortgage at every step.
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.