Tag Archive for: debt ratio

What Salary Do You Need To Afford A $250,000 Home?

When it comes to buying a home, one of the first questions that arise is, "How much can I afford?" And if you've set your eyes on a $250,000 home, understanding your financial capability is crucial. Buying a home is a significant financial commitment and various factors can influence your affordability.Read More

8 Ways to Lower Debt Ratios When Rates Are High

With rates rising so quickly, “debt ratios” are becoming a major issue for many borrowers. Hence, I am repeating this past blog where I set out various ways to lower […]Read More

How To Lower Debt Ratios 101

Experienced Mortgage Analysts (or Loan Officers) have many tools to lower debt ratios to help borrowers qualify for a larger loan. Here are a few that all loan officers should […]Read More

No Loan Contingency To Make Offer Stronger

We have a pre-approved borrower with perfect credit, a long employment history and a total (back-end) debt ratio of 29%. He also has ample seasoned funds from the sale of […]Read More