In this blog, we will cover and discuss how to calculate debt-to-income ratio on mortgage loans. There are two types of debt-to-income ratios when it comes to debt to ratio requirements. The first is front-end debt-to-income ratios and the second is back-end debt-to-income ratios. Front-End and Back-End Debt-To-Income Ratio The front-end debt-to-income ratio is also…
In this mortgage guide, we will cover qualifying for a mortgage with amended income tax returns. There are instances where consumers may write more off on their income tax returns and regret it because they need to qualify for a mortgage after the fact. So what do you do to retract the mass unreimbursed business…
Buying a car may affect mortgage approval for potential homebuyers. Many homebuyers often do not think about how buying a car may affect mortgage approval. To many, it is common sense to buy a car first before buying a house. Unfortunately, buying a car may affect mortgage approval and limit how much house you can…
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