Real estate blog entries tagged with debt to income ratio by Chris Goulart (All California Lending)

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Home : Blogs : Chris Goulart : Chris Goulart's Blog : Tag "debt to income ratio"

debt to income ratio: Debt to Income Ratio Required for Hard Money Loans? - 03/08/11 05:55 PM

It used to be that hard money did not take into account a borrowers debt to income ratio. With the recent changes to lending regulations, however, even hard money loans require a debt to income ratio, or DTI, calculation to be made to ensure a borrower has the ability to repay a loan.
This is true for consumer lending on residential 1-4 unit properties. In a nutshell, if you are going to live in the home or use the proceeds from the loan for consumer purposes, you must document your income and ensure you have the ability to repay the loan. … (2 comments)

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Chris Goulart

Brentwood, CA

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