Thursday, May 26, 2005

High DTI mortgages.

In the years past, when most mortgages were made by your local Bank or Savings & Loan, and many were government insured, required DTI (Debt-To-Income) ratios were well under 40%... that is, in the most simple terms, your total monthly debt, including your housing costs, could not exceed 40% or less of your gross monthly income.

At Mortgage Match, the vast majority of the lenders we work with allow up to 50% DTI, and some will even approve mortgages as high as 55% DTI.

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