When you apply for a mortgage, you have to meet the mortgage program guidelines, including the mortgage to income ratio.…
Browsing: debt-to-income ratio
FHA loans are government-backed loans, which makes many people think they have income restrictions or income limits. In other words,…
The new year ushers in new hopes and new goals that could include buying a home. It’s a dream worth…
Fannie Mae has increased the maximum allowable debt-to-income ratio on loans eligible for its purchase to 50%. Interestingly, the higher…
With the recently higher property values and record levels of debt in America today, many applicants have been pushing the…