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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All Real Estate Transactions are BROKERED by Real Broker LLC.
All Residential Mortgage Transactions are BROKERED by U.S. FINANCE GROUP, LLC (NMLS ID: 26140)
All other services & lending products are brokered by Miami Beach Brokers LLC unless otherwise disclosed.
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