ilmscore | Prediction Details
"The debt to income ratio is literally just a fraction where Banks look at how much debt you're making and they divide it by your income so nowadays Banks typically like to see a debt to income ratio of less than 36% so they want to see that your debt is less than 36% of your income and out of this 36% they typically don't want to see more than 28% for your mortgage so this is how much your mortgage should be Max and the rest of it can be your credit card debt your car loans whatever this is how much Banks ideally want to see but sometimes you'll see Banks stretch this total debt to income ratio from 36% up to 43%"
By Minority Mindset | January 7, 2024 | Pending
From video
This LOOPHOLE Lets You (Almost) NEVER Pay a Mortgage Bill Again 00:31:43 - 00:32:21
Interpreted Prediction
Banks generally prefer a debt-to-income ratio below 36%, with mortgage payments ideally not exceeding 28% of gross income. Some banks may extend this to 43%.

Prediction Details

Topic
Mortgage Qualification

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