Tag debt-to-income ratio

Debt-to-Income Ratio (DTI): Why Income Alone Isn’t Enough

As I discussed at The Very Basics of a Home Loan, Debt-to-Income (DTI) is one of three important criteria in qualifying for a home loan.  Credit Score and the amount you are using as a downpayment are the other critical…

The Very Basics of A Home Loan

There will be other posts here that go into greater detail behind home loans and the qualification process, but this one is meant to cover the VERY basics. Often, when people came to me to buy their first home, they…