Debt-to-Income Ratio Matters When You’re Buying a House

Your debt-to-income ratio plays a large role in whether you’re ready and able to qualify for a mortgage. This figure, the percentage of your income that goes toward paying your monthly debts, helps lenders figure out how big a monthly mortgage payment you can handle. It’s as important as your credit score and job stability, if not more so. READ MORE

Via NerdWallet

Visit my website to search ALL homes for sale – including foreclosures – learn about buying and selling and much more