I Have a Lot of Equity in My Home and Still Can’t Get a Loan Until It Sells. Here’s What I’d Do.
Equity isn’t cash, and it can’t get you past a lender’s income test. Here’s how to bridge a home sale, and what bankruptcy can and can’t protect.
Debt-to-Income Ratio
Record Credit Card Debt Is Blocking First-Time Homebuyers: The DTI Math
Credit card debt at a record $1.28 trillion is working against first-time homebuyers through DTI calculations. Every $500/month in payments reduces your mortgage qualification by $80K–$100K. Here’s the math and what to do about it.
