How Your Mortgage Is Affected By Debt Ratios

Home Loans

How Your Mortgage Is Affected By Debt Ratios
(presented by www.refinance-refinance.net - mortgage lenders)

By Ben Afzal

Debt Ratio Basics

A mortgage lender will evaluate your loan application the same way it evaluates other applicants.

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At its most basic a mortgage lender will compare your total debts with your total income.

Your total debts are measured as a monthly amount. This includes your monthly credit card payments, student loans, car payment, department store cards, and any other amounts.

This information is readily available on your credit report, so don

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