Bob Ramalho

Berkshire Hathaway - Verani Realty

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Bob Ramalho November 8, 2019

How Does My Existing Debt Affect Getting A New Mortgage?

Carrying debt is a common problem that people have. Some of the most common types of debt include student loans, credit cards, and motor vehicles. When you are interested in buying a new home, you often think about whether or not your debt is going to hurt your chances of qualifying for a new mortgage. Fortunately, you may still get a new home with that debt. There are several factors that may determine whether or not you qualify. Your Debt to Income Ratio The debt to income ratio is a major … [Read more...]

Filed Under: Mortgage Tagged With: Debt, Loan Qualification, Mortgage

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