Quel The Realtor

https://www.queltherealtor.com/property_listing/10829143/mlsname/BMLS/ltype/res

New Listing Alert !!! Enjoy the Western views of Poinciana golf course and water views from this 4th floor newly remodeled unit. Completely upgrade 2 bedroom 2 bath in Lake Worth Florida

3951 Via Poinciana Unit 413, Lake Worth FL 33467 Furniture negotiable. Western views of Poinciana golf course and water views from this 4th floor updated unit. Glass enclosed patio offers additional indoor living space leading to the living room and kitchen. Newly installed light fixtures and fans. Completely remodeled kitchen with white shaker ca...

🔸️🔶️NEW LISTING IN BOCA RATON 🔸️🔶️

Hey you ! 👋 Did you know that your ‘Debt To Income Ratio’ is almost as important as your Credit Check..?! 😲
But don’t worry, because I’ve got you covered by sharing my best tips and tricks to make that house of your dreams a reality. 🏡❤️‍🔥 In fact, when it comes down to it, almost everything can be solved by simplifying the complex.

First, start by adding up your bills and all other monthly debt.✔️
Next, divide that total by your gross monthly income.✔️
This result is your ‘Debt To Income Ratio’ ✔️

Know It, Adjust It, and Never again be bound by it!

Lenders chime in in comments....


Broken down more :

The debt-to-income ratio is the percentage of your monthly gross income that goes towards paying debts.
Why is this important for you to know? It’s one of the ways that lenders determine your borrowing risk, for things like a home loan. If you have a low DTI, your chances of a loan approval are higher than if you have a high DTI.
So how exactly do you calculate your debt-to-income ratio? Take all your monthly expenses, including monthly rent or house payment; monthly alimony or child support payments; student, auto, and other monthly loan payments; credit card monthly payments (use the minimum payment); and other debts, then divide that total by your pre-tax income, that’s your DTI.
Simply put, debt-to-income ratio = monthly expenses / gross income!
Are you familiar with your DTI? Still not quite sure how to calculate it, or what should be included? Send me a DM with all your questions!

I have some amazing lenders that can get you started.

Raquel

📲 954-800-5450
🌐 Www.queltherealtor.com
📧 [email protected]