Debt-to-Income Ratio Explained: How It Affects Your Mortgage!

Your #debt-to-income (DTI) ratio is a key factor in determining if you’ll be approved for a mortgage or not. It’s important to understand this ratio to get the best rate and terms possible when buying a home. Here’s what you need to know about the debt-to-income ratio and how it affects your mortgage approval.

#mortgage #DTI #homeshopping

Reviews

"Warm, responsive, knowledgeable, reliable, and smart"

joel robert p

"Ric is so knowledgable and helpful. He really went to bat for my clients in a tough situation!"

susan d

"Plenty of communication."

kallista fugitt v

"Ric is always an excellent advisor, giving clients truthful and timely advice with their best interest in mind. Transactions are always well ahead of schedule due to his proactive and thorough approach. I highly recommend Ric!"

sarah s

"Ric answered all of our numerous questions in a kind and professional manner. He detailed the process we were in, explained how long it would take, and outlined what he would need from us. I look forward to working with Ric again in the future."

amanda w

"Ric is on top of everything . I appreciate the regular communication, and the direction he was able to give my buyers."

tami t

"Ric was very informative. I appreciate tbe guidance he provided through the entire process."

robert f

"Ric was prompt, professional and communicative. Thank you for your service."

alanna w. l

"The communication and working through all of the steps together"

kaitlyn noel m