Asked by Malita215, Philadelphia, PA • Fri Apr 5, 2013
I'm in the process of looking at homes. I narrowed down my location to Upper Darby or other counties in Delaware County. I was recently informed that if/when the grant is acceptable by my lender, the lender would then have to factor in the grant into my debt/income ration to see if it works for me. I know that for the first few years, the grant is more of a "loan". But why should that affect my debt/income ratio?
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