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How to calculate your debt-to-income ratio for a mortgage

Por: WPTV Business January 12, 2023

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Purchasing a home — especially for the first time — can be a confusing and stressful experience, but one thing that can make the process easier is knowing your debt-to-income ratio. As the explains, your debt-to-income ratio is how much you owe (your monthly debt) divided by how much money you earn (your gross income before taxes). While it’s not the only factor mortgage lenders use to assess your application, lenders use this to evaluate... + full article



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