Re: DTI appears high, but fiancé pays half of mortgage..
[ Edited ]
01-07-2013 12:22 PM - edited 01-07-2013 12:24 PM
Yup, she'll need to co-sign, but other factors can still apply.
For example, I had 41% DTI and excellent credit when I bought my new car. I am on the mortage of a house I no longer own (divorce). I had no revolving debt so it was literally all of my debt. The bank did not hesitate to give me $20k at 3.41%.
It just depends on the full picture.
Equifax - 830
TransUnion - 825
Experian - 812