mortgage & home loan refinance | vase at home

Qualifying Ratios

Qualifying Ratios

A tool that lenders use to analyze a borrower's ability to repay the loan. Lenders want borrowers who use only a certain percentage of their income for their housing costs and for certain other monthly recurring bills. Many lenders will not offer a mortgage loan to a borrower that uses more than 45% of his or her income for PITI (principal, interest, taxes,  and insurance), as well as other bills like credit card payments, car payments, and alimony or child support.


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