My personal loan is through a credit union - the same credit union where I would apply first for a mortgage.
I got a raise this year and will make $47K, but for the past couple of years I made $46K, so I just used that has an average. There's also a possibility for a promotion, which could raise my salary to $50K+, but of course, I will count my eggs before they hatch ;p
For your credit cards, its alright to pay them down and off, but don't close out the CC accounts officially. Leave them open.
Is the personal loan with a bank, or with a person?
Also- maybe you will get a raise or a bonus by next year, and you'll be making a little more which will help your DTI %.
If you need any further help with anything, let me know. (I'm also a loan officer.) Thanks,
Even though Fannie Mae may accept loans where the DTI ratio is 50%, most lenders will max it at 45%.
I would suggest that you contact a mortgage originator as that.is their area of expertise.
I work in the Berkshires so if you would like me to recommend one feel free to contact me at email@example.com