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Do I have to pay more on mortgage interest rate if the back-end ratio is higher than 43%?

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Do I have to pay more on mortgage interest rate if the back-end ratio is higher than 43%?




It will be difficult to get a Qualified Mortgage. Lenders may not approve your mortgage application since a high DTI ratio puts questions on your ability to make monthly mortgage payments.

Sub: #1 posted on Tue, 11/14/2017 - 23:04

SC SC
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How about your credit score?

Sub: #2 posted on Thu, 11/16/2017 - 05:08

sanderspatricia29 sanderspatricia29

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Yes, it'll be difficult to take out a mortgage loan.

Sub: #3 posted on Thu, 11/16/2017 - 05:20

Mabelle Page Mabelle Page

(Posts: 163 | Credits: 16.04)

Keeping the debt-to-income ratio under 43% is very important. In most cases, that is the highest ratio a borrower can have and still get a Qualified Mortgage. So, Yes, it'll be difficult to take out a mortgage loan if your DTI ratio is higher.

Sub: #4 posted on Sun, 11/19/2017 - 22:01

Barbara Delinsky Barbara Delinsky

(Posts: 331 | Credits: 32.8)

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