How Does Your Debt-to-Income Ratio Affect Your Mortgage Application? When I was looking into mortgages, I quickly learned that lenders are laser-focused on one thing: your debt-to-income ratio (DTI). This simple percentage can make or break your chances of getting...
If you’re like me, you’ve probably wondered if having a student loan makes it harder to get a mortgage. The truth is, lenders do take your financial situation—including student loans—into account. But don’t panic! Having a student loan doesn’t mean you can’t get a...
When you’re applying for a mortgage, one of the biggest decisions you’ll make is how long you want to take to pay it back. This is what we call the repayment term, and it has a big impact on your monthly payments and how much interest you’ll end up paying overall....
