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🏡💡 Why Is a Strong Debt-to-Income Ratio Crucial for Mortgages? 💡🏡

Posted by Christopher Lazaro on November 28, 2023

Lenders analyze Debt-To-Income Ratio (DTI) to assess default risk; high DTI may hinder mortgage approval.
High DTI indicates a smaller income cushion, impacting financial stability and potential hardships.
Maintaining a lower DTI ratio eases mortgage handling, crucial for comfortable financial management.

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