What is Debt-to-Income Ratio When You Buy a Home in Ellicott City?

2022-05-23T18:43:08-04:00April 21st, 2019|Categories: Buyers, Mortgages|Tags: , , , , , |

When you buy a home in Ellicott City, Columbia, Catonsville or elsewhere, you'll most likely need a mortgage - and that means a lender will look at your debt-to-income ratio, or DTI. But what is debt-to-income ratio, and how will it affect your home purchase? What is Debt-to-Income Ratio When You Buy a Home in Ellicott City? Your debt-to-income ratio is the ratio of how