𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍 𝐎𝐅 𝐓𝐇𝐄 𝐃𝐀𝐘:
What's a debt-to-income ratio?
𝐓𝐀𝐖𝐀𝐍𝐀'𝐒 𝐀𝐍𝐒𝐖𝐄𝐑:
DTI is the ratio used by mortgage lenders to determine how much you can afford to pay monthly for a mortgage. Lenders look at how much debt you have when calculating DTI. You can calculate this number on your own using the following formula:
DTI = (debt expenses + monthly housing payment)/gross monthly income x 100
In order to lower your DTI, so that you can qualify for a larger monthly payment it's best to start with lowering your debt expenses or increasing your income.
We are always open to working with buyers! We specialize in working with buyers that want to buy a home in 90 days or less. To book a complimentary consultation with me to discuss your buying needs, go here http://bit.ly/2B3Dpfa or contact me at RealtorTawanaBourne@gmail.com | 860.834.1220
𝐒𝐮𝐛𝐦𝐢𝐭 𝐲𝐨𝐮𝐫 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐡𝐞𝐫𝐞: 𝐡𝐭𝐭𝐩://𝐛𝐢𝐭.𝐥𝐲/𝟐𝐩𝐓𝟖𝐗𝐏𝟑
Tawana Bourne, Broker - REALTOR® - Investor
Representing Keller Williams Realty
(Mobile/Text) 860.834.1220
RealtorTawanaBourne@gmail.com
www.RealtorTawanaBourne.com
.
.
.
.
#RealtorTawanaBourne #ISellWithTawana #IListWithTawana #HouseHunting #HouseSelling #ILoveSellingRealEstate #QualityOverQuantity #IBuyWithTawana#TawanaIsMyRealtor
*Disclaimer. Q&A’s are for marketing purposes only and are not intended to offer real estate advice to non-represented parties. Please consult with a real estate professional under their contractual representation for answers to your real estate questions. Realtor Tawana Bourne DOES NOT guarantee the services or performance of these referred companies.
What's a debt-to-income ratio?
𝐓𝐀𝐖𝐀𝐍𝐀'𝐒 𝐀𝐍𝐒𝐖𝐄𝐑:
DTI is the ratio used by mortgage lenders to determine how much you can afford to pay monthly for a mortgage. Lenders look at how much debt you have when calculating DTI. You can calculate this number on your own using the following formula:
DTI = (debt expenses + monthly housing payment)/gross monthly income x 100
In order to lower your DTI, so that you can qualify for a larger monthly payment it's best to start with lowering your debt expenses or increasing your income.
We are always open to working with buyers! We specialize in working with buyers that want to buy a home in 90 days or less. To book a complimentary consultation with me to discuss your buying needs, go here http://bit.ly/2B3Dpfa or contact me at RealtorTawanaBourne@gmail.com | 860.834.1220
𝐒𝐮𝐛𝐦𝐢𝐭 𝐲𝐨𝐮𝐫 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐡𝐞𝐫𝐞: 𝐡𝐭𝐭𝐩://𝐛𝐢𝐭.𝐥𝐲/𝟐𝐩𝐓𝟖𝐗𝐏𝟑
Tawana Bourne, Broker - REALTOR® - Investor
Representing Keller Williams Realty
(Mobile/Text) 860.834.1220
RealtorTawanaBourne@gmail.com
www.RealtorTawanaBourne.com
.
.
.
.
#RealtorTawanaBourne #ISellWithTawana #IListWithTawana #HouseHunting #HouseSelling #ILoveSellingRealEstate #QualityOverQuantity #IBuyWithTawana#TawanaIsMyRealtor
*Disclaimer. Q&A’s are for marketing purposes only and are not intended to offer real estate advice to non-represented parties. Please consult with a real estate professional under their contractual representation for answers to your real estate questions. Realtor Tawana Bourne DOES NOT guarantee the services or performance of these referred companies.
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