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Re: DTI Ratio

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Catpurrs
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‎10-01-2009 06:28 PM
‎10-01-2009 06:28 PM

Re: DTI Ratio

Please, excuse me as I am very new to boards.....So, I hope I am doing this the right way. I am a US Vet looking to buy my first home in 10 months.  So, I am trying to get everything done now so I can get a Va loan for a home.... My debt to income ratio is only 7.3 but I was wanting to get a Personal Loan to pay off this debt....  It is Credit card debt only.... Will doing this hurt me? My credit scores are 740+

 

Thank you!

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ShanetheMortgageMan
Super Contributor
‎10-02-2009 06:50 AM
‎10-02-2009 06:50 AM

Re: DTI Ratio

Is the credit card debt at a high interest rate?

 

What is your income, and what are the minimum payments, and what is the estimated sales price & state you'd be buying in? 

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