First off, what is Debt-to-Income? The Debt-to-Income ratio is one used by lending institutions when underwriting your loan (for almost anything - car loan, mortgage, HELOC, etc). DTI is a calculation they use to measure the risk on which you'll be able to pay back the loan you're seeking. The lower your DTI, the less … Continue reading Real Estate Investing Terms: DTI
I recently found myself in an advisory roll for a couple individuals, Eric & Jolene. Complete strangers to me but Eric & Jolene reached out for some advice on purchasing their first duplex, happy to provide. To my knowledge these newbs at real estate investing don't know one another as one lives in North Carolina, … Continue reading Should I Buy This Duplex?