Tag Archive for: DTI ratio

How Much Income Do You Need to Buy a House?

When starting on your homebuying journey, most often homebuyers wonder about the cost, what they can afford, and how much income is needed to purchase a home. There are many different factors and calculations that we've broken down to help explain how much income is needed to buy a home. Read More

How To Refinance A Home With Low Income

Here's a common situation many homeowners face: the old mortgage has a much higher interest rate than the rates available today, and you could save hundreds of dollars each month by refinancing. Your home has built up plenty of equity, so no problems there. However, there is one issue; you don't have enough income to be eligible for the loan you need.Read More