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mortgage: Do You Have Too Much Debt To Qualify For A Mortgage? Debt-to-Income Ratio (DTI) Explained - 12/08/08 07:46 AM
I have had some of my Burlington County, New Jersey clients tell me that they have good credit, but can't get approved for a mortgage.  Maybe they have too much credit or in other words, too much debt for their level of income.  Below  Ken Cook explains Debt To Income Ratio.
Have a great day
Leander

Via Ken "Yes You Can" Cook:
Agents and Loan Officers Working Together to MAKE Deals Happen (Legally and Ethically)
Sometimes the borrower(s) have great credit, good income and good assets but they still do not qualify for the best loan. How could this be? The … (3 comments)

mortgage: Low Interest Mortgage Secrets - 05/09/08 02:34 PM
A low interest mortage is the fondest desire of every potential homebuyer. How do you get a low inerest rate mortgage? Well, while you can try to negotiate yourself with a commercial lender, you might also want to think about a mortgage brokerA mortgage broker will do some of the footwork on your behalf. A mortgage broker may know about smaller lending institutions which are offering a much more competitive interest rate than a big bank or finance company. However, mortgage brokers will not necessarily work with all potential lenders. They are also not completely unbiased because they my prefer certain … (0 comments)