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Trying to get a mortgage scores up

Valued Member

Re: Trying to get a mortgage scores up

My comment here is based on a refinance with LoanDepot. It all comes down to DTI. Lenders simply want to know one thing: How will you pay them back? The answer truly lies in a low DTI ratio. So in essence, they WILL look for all areas where you have to cut back or get denied a mortgage--all other factors notwithstanding. Scores matter for rates, but getting aporoved truly comes down to that three letter acronym: DTI.
Message 11 of 12
Established Member

Re: Trying to get a mortgage scores up

Thank you. I will trying paying down my 2 highest balances.
Message 12 of 12