131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
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. Many recommend borrowers keep PITI to less than (or equal to) 28% of their total monthly income. Termite report/inspection/letter/bond.
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