Use our interactive worksheet to give you an indication of your financial health when including a monthly mortgage payment and typical homeowner expenses.
This worksheet will help you to understand your total debt-to-income (DTI) ratio, which compares your earnings against monthly expense obligations. Mortgage lenders consider DTI ratio when determining the home loan amount you are eligible for and whether or not you already carry too much debt for a new loan.
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This post was written by LH Lending