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Debt-to-Income Ratios and Home Buying

On September 7, 2016, Posted by , In Buying Real Estate, With No Comments

Most potential homebuyers are familiar with the importance of credit scores and job security in qualifying for a mortgage. Another factor that many homebuyers overlook is the connection between a debt-to-income ratio and home buying. This figure, also known as DTI, reflects the portion of your gross monthly income that must go toward…