DTI

[babbles]

When applyiing for a consolidation loan, would the lender take into consideration what your dti will be currently as your applying or what it will be after they grant the loan?

[Anonymous]

I would think both matter.  DTI currently, then of course they don't want to see that with the new loan that your DTI would move to an uncomfortable place.

[RobertEG]

Do you after they have initially approved, but before they actually close on the loan?

It is standard for creditors to do updated reviews, including credit pulls, prior to closing, particularly on large loans, to ensure that the consumer has not opened other lines of credit that would substantially affect the risk on the loan.