loan qualification: How Does My Existing Debt Affect Getting A New Mortgage?
- 11/08/19 06:38 AM
Carrying debt is a common problem that people have. Some of the most common types of debt include student loans, credit cards, and motor vehicles. When you are interested in buying a new home, you often think about whether or not your debt is going to hurt your chances of qualifying for a new mortgage.
Fortunately, you may still get a new home with that debt. There are several factors that may determine whether or not you qualify.
Your Debt to Income Ratio
The debt to income ratio is a major factor that the mortgage lender is going to consider when deciding whether or not you … (3 comments)
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Carrying debt is a common problem that people have. Some of the most common types of debt include student loans, credit cards, and motor vehicles. When you are interested in buying a new home, you often think about whether or not your debt is going to hurt your chances of qualifying for a new mortgage.
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