How To Calculate Your Debt-To-Income Ratio (DTI) | First-Time Homebuyer Guide
How To Calculate Your Debt-To-Income Ratio (DTI) | First-Time Homebuyer Guide #homebuying #mortgagetips #debttoincome Wondering how much home you can afford before applying for a mortgage? Your Debt-to-Income Ratio (DTI) plays a crucial role in determining your loan eligibility. Many first-time buyers don’t realize that lenders use this number to assess financial stability and mortgage approval. Please visit our website to get more information: http://theruethteam.com/ In this video, I explain how to calculate your DTI, what debts count toward it, and what doesn’t. Understanding this will help you avoid wasting time looking at homes outside your budget. I also cover DTI limits for different loan types, including FHA, VA, Conventional, and USDA loans, and share expert tips to lower your DTI if needed. Knowing your debt-to-income ratio before speaking to a lender can give you a huge advantage in the home-buying process. If you're serious about purchasing a home, this information is a must. Chapters: 00:00-Intro 01:10-How to Calculate Your Debt to Income Ratio 02:10- What's Included and Excluded in DTI 04:00-Determining Your Gross Monthly Income 04:35-Example of a Debt-to-Income Ratio Calculation 06:45-Buying a Home with a Co-Borrower 08:40-Tips to Decreasing Your DTI Ratio 💬 Have questions about your DTI or mortgage approval? Drop them in the comments! This video is about How To Calculate Your Debt-To-Income Ratio (DTI) | First-Time Homebuyer Guide. But It also covers the following topics: Budgeting For A Home Home Loans DTI Calculation 🔔 Looking to build wealth through real estate? Subscribe for expert tips, market trends, and strategies to help buyers, investors, and agents succeed! / @theruethteam 🔗 Stay Connected With US. 👉 Facebook (The Rueth Team): / theruethteam 👉 Facebook (Nicole Leidel Rueth): / nicolerueth 👉 Instagram: / theruethteam 👉 Tiktok: / theruethteam 👉 Linkedin: / nicolerueth 👉 Website: http://theruethteam.com/ 📩 For Business Inquiries: [email protected] ☎️ Leave us a call at (303) 214-6393 ============================= 🎬 Recommended Playlists 👉 Denver Real Estate • Denver Real Estate 👉 Mortgage Education • Mortgage Education 🎬 WATCH OUR OTHER VIDEOS: 👉 ACT NOW as a Homebuyer in Today's Market • Urgent Alert! Homebuyers Must Act Now... 👉 Denver Real Estate Market Update | High Interest Rates Leads to More Inventory • Denver Real Estate Market Update | Hi... 👉 Homeownership Feels Impossible • Why Homeownership Feels Out Of Reach ... 👉 A Resilient Economy, Stagnant Inflation, ZERO Rate Cuts? | DMAR Market Update May 2024 • A Resilient Economy, Stagnant Inflati... 👉 The NAR Settlement and the Future of Home Buying • The NAR Settlement and the Future of ... ============================= Movement Mortgage LLC. All rights reserved. NMLS ID #39179 (For licensing information, go to www.nmlsconsumeraccess.org). Additional information is available at movement.com/legal. Interest rates and products are subject to change without notice and may be unavailable during loan commitment or lock-in. Borrowers must qualify for all benefits at closing. 🔎 Related Phrases: How To Calculate Your Debt-To-Income Ratio, DTI, First-Time Homebuyer Guide, How To Calculate Debt-To-Income Ratio For A Mortgage, What Is A Good Dti Ratio For Buying A Home, Debt-To-Income Ratio Explained For First-Time Buyers, How Lenders Calculate Dti For Home Loans, How To Lower Dti For Mortgage Approval, Fha Loan Dti Requirements Explained, Va Loan Debt-To-Income Ratio Guidelines, What Debts Are Included In Dti Calculation, How Much House Can I Afford Based On My Income #homebuying #mortgagetips #debttoincome #realestate #firsttimebuyer #financialtips #homeloans #dti #moneymatters #mortgageapproval #homeaffordability #realestateinvesting #budgetingforahome #debtmanagement #loanapproval
