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How to Calculate Debt to Income Ratio?

By: Jeff Ragan | 2011-07-03 | Debt Consolidation
Do you keep hearing the phrase "Debt to Income Ratio"? Are you wondering what is this and why it is so important? In this articles I will explain what it is and how you can calculate your own debt to income ratio. read more

Mastering the Art of Debt-to-Income Ratio

By: brian warren | 2011-02-25 | Debt Consolidation
Stressed over how to manage your debt-to-income ratio? Well, not any more. Debt management solutions are there to help you master your debt-to-income ratio. read more

Debt-to-Income Ratio and How It Affects Your Borrowing

By: VictoriaKorina | 2010-10-09 | Debt Management
If you are looking to purchase a home, lease a new car or even applying for a credit card, your debt and your income are both determining factors on the type of loan you will qualify for read more

Loan Modification & Debt to Income Ratio - How Does Debt Ratio Affect Your Loan Application?

By: Tanya Caliban | 2010-03-28 | Loans
Terms like loan modification and debt to income ratio can confuse borrowers. It is important to know how debt to income ratios and loan modifications affect your loan application so you can know what you are capable of borrowing. Knowing what lenders want can help you sculpt your financial picture to get approved for bigger and better loans. read more

How To Get A Debt Consolidation Loan When Your Debt To Income Ratio Is High

By: Ask Bill | 2010-09-29 | Debt Consolidation
A debt-to-income ratio (DIR) is a ratio used by lenders to determine a consumer's ability to repay a loan. Most lenders look for a DIR well below 50 percent, even lower if you are applying for a secured loan--like a mortgage or home equity loan. If you have a high DIR, there are ways to reduce this ratio so as to qualify for a debt consolidation loan. A debt consolidation loan is much like any other loan you would get. read more

Income vs. Mortgage: The Importance of Determining Debt-to-income Ratio

By: Avril Copperfield | 2011-12-02 | Mortgages
Applying for a home financing is one of the most important steps that families and individuals can take towards the fulfillment of acquiring their dream houses. read more

Debt To Income Ratio: A Factor To Ascertain Amount To Be Granted As Real

By: realestate associates | 2011-01-06 | Real Estate
Borrowers ascertain time and paying capacity of real estate loans through mortgage calculators. There must be some method for mortgage loan lenders to decide the limit of loan to a real estate buyer. Of course it is none other than debt to income ratio. read more

The Truth About the Credit Crunch - Revisiting the 28/36 Debt-to-Income Ratio Rule

By: Christopher Music | 2010-04-01 | Debt Management
Do you know where the 28/36 rule comes from? If you have ever applied for a mortgage, you may well have wondered about where that 28/36% debt-to-income ratio rule came from that the mortgage broker talked to you about. And whether it makes sense... Read on to find out some surprising facts. read more

3 Simple Steps to Calculate Your Debt-to-Income Ratio & Credit Secrets Most People Will Never Know

By: Jesse Niesen | 2010-04-03 | Credit
You can have a perfect payment history (never missing a single payment), but if your debt-to-income ratio is too high then you're effectively crippled when it comes to "credit worthiness" (your ability to get a loan). You're not credit "worthy", even though you may have a good credit "rating". Learn how to calculate your "debt-to-income ratio" and a couple secrets most people will never know about "how credit works"... read more

Explanation of a Debt to Income Ratio, The Bank's Method Vs Your Method - Which Should You Use?

By: Chris G Bell | 2010-03-31 | Debt Management
Discussion on your Debt to Income ratio and why to use your own method instead of the banks method. Figure out your borrowing power with a mortgage calculator and then figure out based on numbers what you can afford. read more

Loan Modification Forms - Ensuring Your Income to Debt Ratio Gets Approval

By: Jonathan Gillham | 2010-04-03 | Real Estate
Tips for ensuring your income to debt ratio gets your loan modification approved. Make sure you aren't making a critical mistake when filling out your application forms. read more

Managing Your Debt Service Ratios

By: Assure Assess | 2010-10-05 | Finance
Debt service ratios are the proportion of specific monthly payment balanced against your gross income. Debt service ratios are a calculation used by banks when considering loan, credit card and mortgage application. read more

Buying a Home - Calculating Your Debt Ratio

By: Wendy Polisi | 2010-03-27 | Real Estate
An applicant's debt ratio is one of the primary factors that a mortgage lender looks at when determining whether or not to approve a loan. This is essentially the ratio of the applicant's personal debt to his net income. read more

Profit Margin Ratios

By: Geetika Sharma | 2010-03-31 | Investing
Profitability ratios are used by investors and analysts to evaluate a company's ability to generate earnings as compared to its competitors and other industry players. They also highlight the strength and efficiency of a company's business model. There are two types of profitability ratios; profit margin ratios and rate of return ratios. read more

Wells Fargo Loan Modification - Debt Ratio Qualification Information

By: Hector Milla | 2010-03-29 | Real Estate
One of the most important factors in determining borrower qualification for loan modification is debt ratio. Debt ratio is a percentage calculated by dividing monthly debt by gross monthly income. The lender generally requires a 38% maximum debt ratio in order to qualify. For the purposes of debt ratio calculation, gross income is defined as monthly wages plus guaranteed commissions or bonuses, alimony, and other income received such as income on rental properties. Self-employed or commissioned borrowers will usually have to provide proof of claimed income for the past two years. read more