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How Much Credit Card Debt Is OK When Buying A Home?

January 24, 2024 by Ahmed Ali

How Much Credit Card Debt Is OK When Buying A Home? Having credit card debt isn’t going to stop you from qualifying for a mortgage unless your monthly credit card payments are so high that your debt-to-income ratio is above what lenders allow. Does credit card debt count against mortgage? Having credit card debt isn’t

How Do I Calculate My Monthly Debt-to-income Ratio?

January 24, 2024 by Charlene Dyck

How Do I Calculate My Monthly Debt-to-income Ratio? Add up your monthly bills which may include: Monthly rent or house payment. … Divide the total by your gross monthly income, which is your income before taxes. The result is your DTI, which will be in the form of a percentage. The lower the DTI; the