Re: Trying to figure some things out....
07-05-2012 07:19 PM
I think the fact that you are willing to put down 25% is going to help out tremendously on you getting one in the first place.
+1 You're going to be absolutely fine.
FWIW, DTI isn't calculated as you have intimated in your post: it's your total monthly payments, divided by your total monthly income (post tax presumably).
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 670, Wally TU 700, EX 718 (11/29/13, EX 07/11/13)
Goal Score: 680 in all three (01/01/14)
Take the FICO Fitness Challenge