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Debt To Income Ratio

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Icon Mini Profile adcruz





Joined: 29 Apr 2010

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Post Posted: Thu Apr 29, 2010 2:23 am    Post subject: Debt To Income Ratio
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When Debt to Income ratio is calculated for loan approval, is the monthly payment for the new mortgage loan included in the calculation of this ratio?
Icon Mini Profile baseballplyrj





Joined: 29 Apr 2010

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Post Posted: Thu Apr 29, 2010 5:33 am    Post subject: DTI
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Yes, there is front end and back end ratio. Front end is the monthly payment of your new home, taxes, insurance, the whole nine. Back end is front end plus monthly expenses that are on your credit report.
Jasmine

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Post Posted: Thu Apr 29, 2010 10:21 pm    Post subject:
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If you have a mortgage on which you're regularly making payments, then it would be included in your debt to income ratio.
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