DTI vs Credit Card Debt for Mortgage loan

[Ravi860]

for new house mortgage loan.. just debt to income ratio chustada along with credit score? What if DTI ratio is good but credit debt decent unte??

[csrcsr]

1 minute ago, Ravi860 said:

for new house mortgage loan.. just debt to income ratio chustada along with credit score? What if DTI ratio is good but credit debt decent unte??

Off course DTI is key factor for getting mortgage along with credit score , even credits core high unna DTI bags lekapothe you will not get loan

[Ravi860]

1 minute ago, csrcsr said:

Off course DTI is key factor for getting mortgage along with credit score , even credits core high unna DTI bags lekapothe you will not get loan

DTI is good but need to improve score by paying off some debt for good rate. Wondering what is considered good score because want to save some cash at the same time 

[csrcsr]

7 minutes ago, Ravi860 said:

DTI is good but need to improve score by paying off some debt for good rate. Wondering what is considered good score because want to save some cash at the same time 

720 (not exactly sure) but it has to be on the good criteria , also credit karma experian gives you high level overview ,real fico for mortgage inka stringent untadi bro

Because there are many models vantage fico , fico2 so it's a good start you are already conscious about it this is the start make sure never have late payments 

Always keep available credit high niku inko loan unna ok but credit card balance maintain zero key factor for credit score 

[Ravi860]

16 minutes ago, csrcsr said:

720 (not exactly sure) but it has to be on the good criteria , also credit karma experian gives you high level overview ,real fico for mortgage inka stringent untadi bro

Because there are many models vantage fico , fico2 so it's a good start you are already conscious about it this is the start make sure never have late payments 

Always keep available credit high niku inko loan unna ok but credit card balance maintain zero key factor for credit score 

Do they include current rent payments in DTI? 

[csrcsr]

7 minutes ago, Ravi860 said:

Do they include current rent payments in DTI? 

No they will assume you will be moving to p rimaryNew home and from then on mortgage payments

[Ravi860]

On 8/20/2022 at 12:20 PM, csrcsr said:

Off course DTI is key factor for getting mortgage along with credit score , even credits core high unna DTI bags lekapothe you will not get loan

If DTI 41-43% unte kastama bro in getting conventional loan? 

[csrcsr]

Just now, Ravi860 said:

If DTI 41-43 unte kastama bro in getting conventional loan? 

not sure on exact percentage bro there will be some difference between lenders (although most of them follow freddimac and fanimae guidelines) many factors your income, credit score , reserves etc etc kuda consider chestaru lender tho kurchunet chepetaru bro