Your DTI plays a big role in financing because it can affect the loan programs you qualify for, your interest rate, your approval amount and how much home you can realistically afford. Things like opening a new credit card, financing a car, or taking on additional debt can lower your buying power, while paying down certain balances may strengthen your position. A loan officer can help you understand the impact before you make a decision so you can move forward with confidence. If you are looking at buying this year, give me a call so we can work together to find you a good loan officer so you can have that confidence in getting the home you want this year.
