What’s the Ideal Debt-to-Income Ratio for Mortgages?

When buying your first home, we all know we need an acceptable credit score and some form of stable income, but then the Loan Officer starts talking about Debt-to-Income ratio? Here’s what it is and why it’s important to you to save money on your new home.

What’s the Ideal Debt-to-Income Ratio for Mortgages?

understanding-debttoincome-dti-8-728

About Farhat and Associates Real Estate - Broker/Owners, CRS, EPro, CDPE

Full-time REALTOR/Brokerage serving the Phoenix Valley since 2004 Professional - Our backgrounds were in Accounting, Property Management, and Technology fields. Both Aziz and I found our passion for real estate as we started in the industry as Investors. Since 2004, we have devoted ourselves to this business on a full-time basis and have sold 100s of homes for our clients. Certifications - Certified Residential Specialist (CRS), ePro, CDPE Personal - Our passions are our family, our furry child, outdoor activities, reading, photography, golfing, travel, and discovering new foods/restaurants.
This entry was posted in Buyer Advice. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s