Question by aggiesgirl09: Does the 36% debt-to-income ratio include ONLY our student loans, credit card, and car loans?
We are first-time home buyers, so we have no current mortgage? I’m getting mixed answers about whether this 36% of monthly income would include the potential mortgage. Please help.
Best answer:
Answer by mykatesmom
My understanding is that it will include the mortgage payment as well as all your other debts.
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Tags: Card, Credit, debttoincome, include, Loans, only, ratio, Student