WHY DO BANKS DECLINE YOU FOR THIS? (Mortgage Guidelines: How To Calculate My DTI)
Folks often ask me about mortgage guidelines and mortgage approval – and they often ask me to show them how to calculate my DTI. DTI or Debt To Income Ratio is one of the most important financial metrics for your personal finances when applying for new loans, mortgages, HELOCs, or other Debt Weapons – so why do banks decline you for this?
In today’s video, Matthew Pillmore, president of VIP Financial Education, details how to calculate your debt to income ratio, why it’s important, and the specific DTI requirements you need in order to get approved for loans. In this video, you’ll learn everything you need to know about DTI or Debt To Income Ratio – the DTI sweet spots you should go for in order to get various loans like an FHA Loan or FHA Mortgage, a Mortgage from Fannie Mae or Freddie Mac, VA Mortgage Loans, and more. PLUS 4 ways you can lower your debt to income ratio!
0:46 – DTI Explained – How To Calculate MY DTI (How To Calculate My Debt To Income Ratio).
2:02 – Mortage Guidelines & DTI Requirements – What DTI Do You Need To Get Mortgage Approval?
3:41 – There’s Another Version of DTI?? Back-End DTI vs Front-End DTI.
5:32 – The BEST Debt To Income Ratio to Meet Mortgage Guidelines for Mortgage Approval?
5:54 – FHA Loan Mortgage Guidelines & DTI Requirements.
6:41 – Fannie Mae & Freddie Mac Mortgage Guidelines & DTI Requirements.
7:18 – VA Loan Mortgage Guidelines & DTI Requirements.
7:43 – 4 Tips For Lowering Your Debt To Income Ratio!
Videos mentioned in this episode:
Increase CASH FLOW, Eliminate INTEREST COSTS, Become DEBT FREE & MORE!?
BEST Investment Property HELOC For 2021!
THIS BANKING SECRET WILL INCREASE YOUR CASH FLOW (Paycheck Parking 101)
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