Don't Buy a Car...

Debt-to-Income Ratios and Car Payments

When determining your ability to qualify for a mortgage, a lender looks at what is called your "debt-to-income" ratio. A debt-to-income ratio is the percentage of your gross monthly income (before taxes) that you spend on debt. This will include your monthly housing costs, including principal, interest, taxes, insurance, and homeowner's association fees, if any. It will also include your monthly consumer debt, including credit cards, student loans, installment debt, and car payments.

Learn more about Buying a Home

Download my FREE mobile app to get access to more than 4 million homes for sale

Download the KW Mobile App

Are you looking for a new home? Curious about what's for sale in your neighborhood? Want to find open houses nearby? The Keller Williams mobile app allows you free access to more than 4 million homes on the market.

Download on the App Store Get it on Google Play
MLS Equal Housing Member of Employee Relocation Council REALTOR CIPS CRS GRI SRES Luxury Portfolio Certified Distressed Property Expert

Links

Home
Contact Me
Homes
For Buyers
For Sellers
Jacksonville
Blog
Copyright © 2003-. BringYouHome.com is brought to you by Will Vasana, REALTOR®. All Rights Reserved.