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Debt-to-Income Ratio Mortgage Calculation

Lots of people dislike math, but there is one simple calculation that is very important when buying a home. This is called the debt-to-income ratio.

Having a good debt-to-income ratio can help a person get approved. Having a bad debt-to-income ratio can be the difference between approval and denial for a home loan.

The part of calculating the ratio is rather easy. Understanding what is included, and what is ignored in the calculations, takes a bit more work.

Take the time to understand how the debt-to-income ratio works and what you can do to bolster your chances of getting approved for a home mortgage.

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