Homes & Gardens

How the Debt-to-income Ratio for a Mortgage Works

You might be wondering, "Can you get a mortgage with debt?" Banks use something called the Debt-to-Income Ratio to decide if you can borrow for a house. This blog will show you how to calculate debt to income ratios and what numbers lenders want to see.

Stick around, because getting your dream home may depend on it!

Key Takeaways

Banks use the Debt-to-Income (DTI) Ratio to decide if you can get a mortgage. It compares your debts to your income.
There are two types of DTI: Front-End focuses on housing costs, Back-End includes all debts. Lenders

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Homes & Gardens

How the Debt-to-income Ratio for a Mortgage Works

Would-be buyers more willing to sacrifice holidays than cigarettes when saving to buy a home

Help to Buy makes the difference for first time buyers in Exeter

New recycling campaign highlights importance of recycled food waste

Spring launch for East Devon’s new green waste fortnightly collection service

Exeter housing market trends 2018

Great New Year start to recycling in East Devon

Housebuilder brings £24 million investment to local area

Green light for custom build homes at Howton Road, Newton Abbot

MP officially opens luxury apartments in South Devon

First time buyers in Exeter welcome Stamp Duty scrapping

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