Redfin
MARCH 14, 2025
These conditions might include: Additional documentation (proof of income, tax returns, bank statements) A satisfactory home appraisal A final credit check Debt-to-income ratio verification A clear title report 2. a car) or opening new credit lines can affect your debt-to-income ratio.
Redfin
AUGUST 29, 2024
Debt-to-income ratio (DTI) Another major factor that a lender will consider when approving your mortgage loan is your debt-to-income ratio (DTI). DTI is calculated by dividing total monthly debts by gross monthly income. The number is then multiplied by 100 to get the final percentage.
The Close
DECEMBER 29, 2022
Debt-to-income ratio (DTI). You can help your clients calculate their DTI by adding together all of their monthly payments and dividing the total by their gross monthly income. This is where clients with good credit, high down payments, and low debt-to-income ratios can negotiate for better rates.
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