Real Estate Alphabet Soup: Q for Qualifying Ratios

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Real Estate Agent with Samson Properties VA0225077251

Hey there! Here goes another episode of the Real Estate Alphabet Soup for today, where we learn more about real estate one letter at a time. Now we're at the letter Q. We'll be talking about one of the important things in filing for a mortgage as a home buyer.

Q for Qualifying Ratios

Qualifying ratios are the ones that the mortgage lender will use to qualify you for the home mortgage. This includes your debt-to-income ratio, for scores back in ratios, you name it.

Also, in an event that you are making an application for rent in the DMV area, your lender or the property manager will utilize the ratio before they will lease you the property in the area. So know your DTI or your qualifying ratios if you are planning to buy a home.

Wondering how you can get a loan and you need more information about becoming a home owner? Let's team up -- 703-625-4949 or email at info@enovahomes.com. Make your move today!

Posted by

 
                             
Associate Broker
MRP, ABR, ePRO

NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties
Cell - 703-625-4949
Email - info@eNOVAHomes.com
Web: www.eNOVAHOMES.com
 
Residential real estate agent serving Northern Virginia in Fairfax & Loudoun county over a decade and almost $100+M in sales volume experience. 


 

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