This factor can get your mortgage application denied — even for a high earner
If you need to get a mortgage to buy a house, make sure your finances are in order — especially your debt-to-income ratio.
Your debt-to-income ratio is all your money debt payments divided by your gross monthly income. It’s the “number one way” lenders measure your ability to manage the monthly loan repayments, per the Consumer Financial Protection Bureau. LEARN MORE…
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