In reality, mortgage lenders may accept higher ratios depending on yourcredit score, savings, down payment, and the type of mortgage loan. Paying your bills on time, earning a stable income, and maintaining agood credit scorecan also help you qualify for amortgageloan. Higher front-end DTIs ...
Lenders prefer consumers to have a ratio of no more than 36% because of the associated risk of default.High back-end ratios indicate that more of the borrower's income is allocated to other debt obligations, making less income available for the mortgage. If the borrower's income is adversely...