cancel
Showing results for 
Search instead for 
Did you mean: 

DTI ratios for joint mortgages...?

tag
Anonymous
Not applicable

DTI ratios for joint mortgages...?

I have a question about how DTI is calculated for joint mortgage applications for non-married applicants.

 

How is this calculated?  Do they add up all debt obligations for both applicants and divide by the total income for both people?

 

Or, do they calculate it for each applicant (ie, total existing debt plus half of mortgage payment divided by individual income)?

Message 1 of 2
1 REPLY 1
Anonymous
Not applicable

Re: DTI ratios for joint mortgages...?

total debt payments added together and total income added together.

Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.