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Foreclosure in Hatboro : Real Estate Advice

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Activity 2
Thu Mar 10, 2016
Hollylake asked:
Mon Jan 13, 2014
Steve Salemno answered:

I agree with the responses below. Normal utilities are not included in debt to income ration> typically only the items that show up on your credit report, such as student loans, car payments, credit cards, etc. are included in your DTI. Understanding your DTI is very important when buying a home as that is what lenders will use to calculate your maximum monthly payment which will then transverse into your maximum purchase price. Hopefully that makes sense and helps. ... more
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