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.