Debt-to-income ratio is your monthly debt obligations compared to your gross monthly income, expressed as a percentage. It is generally agreed that a good debt-to-income ratio is less than or equal to 36%, whereas a debt-to-income ratio above 43% is considered to be too much debt. Focus on reducing your existing debt as much as possible before purchasing a home, as your debt-to-income ratio has an impact on how much you can borrow. #realestate #realestateagent #listreports #buying #selling #realestateexpert #homeowner #dreamhome #homeownership #homebuying #homesearch #buyingahome #financehub
I'm a real estate agent with Leslie Horne & Associates and service Spartanburg, SC and the nearby area, providing homebuyers and sellers with 20 years professional, responsive and attentive real estate services. Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells? Give me a call! I'm eager to help and would love to talk to you.
- Contact
Manfred
at