What is a Debt-to-Income Ratio (DTI) and How is it Calculated?

by Mark Fitzpatrick Mortgage lending underwriting criteria falls into three general categories — credit, collateral, and capacity. Credit has to do with how well you pay your bills (as evidenced by a credit report and score), collateral has to do with the type and quality of the property you’re using to secure the loan, and capacity has to do with your financial ability to repay... Continue Reading →

Website Built with WordPress.com.

Up ↑