Debt-to-Income Ratios and Car Payments
When determining your ability to qualify for a mortgage, a lender looks at what
is called your "debt-to-income" ratio. A debt-to-income ratio is the
percentage of your gross monthly income (before taxes) that you spend on debt.
This will include your monthly housing costs, including principal, interest,
taxes, insurance, and homeowner’s association fees, if any. It will also
include your monthly consumer debt, including credit cards, student loans,
installment debt, and….…car payments. Call Dale or Cathy for all Pinehurst golf course
real estate for sale.
This site was developed to
provide information on Pinehurst real estate including Pinehurst Golf
and Waterfront homes, Pinehurst condos, and Pinehurst and Southern Pines
Commercial real estate.
Sotheby's International Realty
Dale
Heck – Realtor/Broker
910-528-4652
