If you're a veteran or active-duty service member looking to purchase a home using a VA loan, understanding your debt-to-income ratio (DTI) is essential. This measurement compares your monthly debt payments to your monthly income and can affect how much you can borrow and what interest rates you'll qualify for.
In this guide by Morgan Financial, the leading local lender in Melbourne, Florida, we explain what DTI is, why it matters, and how it affects your VA loan application. Learn how to improve your DTI ratio and increase your chances of qualifying for a VA loan. Contact us today to learn more about VA loans and how we can help you achieve your dream of homeownership.
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Morgan Financial
Residential Mortgage Lender
Equal Housing Lender
NMLS ID: 318525
(321) 757-3570
morganfinancial.net/keepingyourbusinessontrack
1441 N. Harbor City Blvd. Melbourne, FL 32935
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27 авг 2024
