K
Kimberly L.
What should you debt ratio be when trying to get a house
What should you debt ratio be when trying to get a house
Depends on the creditor!
45% DTI
I think it depends on the lender.
I wasn't finding these metrics helpful, so I sat down and wrote out a budget that included anticipated costs of home ownership like setting aside money for repairs as well as my other savings goals and expenses. This let me see how much money I had in my budget that I could afford to put toward a home payment. Our comfortable level was about 33% but with the mortgage as our only debt. Long way of saying it depends on your budget. Take on what you're comfortable with, not what the bank will give you.
i am trying the free financial counseling service offered here at saver life