What is "Debt to Income" Ratio?
Channel: Brenda Casas Mortgage
Date: 2023-04-06

Understanding your Debt to Income Ratio is crucial when it comes to qualifying you for a home loan. Simply put, it's the amount you need to pay each month compared to how much you earn. This number plays a vital role in qualifying for a home purchase. To calculate it, add up all your monthly payments and divide by your income. Knowing your Debt to Income Ratio is essential for making informed financial decisions. 🧠💰 #LasVegasRealEstate #realestatetips #homeownership #homebuying #homeowner #mortgages #lender #financialfreedom