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Debt: A Common Reason for Mortgage Denial

Summary: There are several reasons why homebuyers may be denied when applying for a mortgage. Pre-existing debt can be one of these reasons. Debt is one of the more common reasons for loan denial in California and throughout the country. When homebuyers have a great deal of debt, it is detracted from their income during […]Read More

Understanding Your Debt-To-Income (DTI) Ratio in Dallas

Dallas borrowers often have questions about how much income they need to purchase a house or condo. Lenders use a debt-to-income (DTI) ratio to determine how much income a borrower needs to fund their purchase or qualify for financing. Most lenders in Dallas, Texas, recommend that borrowers stay within a 45% – 50% DTI limit. […]Read More