Debt-to-Income Ratio vs. Credit Score: Discover Which One Matters Most for Loan Approval – The Answer Might Surprise You!
Did you know that 35% of mortgage applications are denied due to a high debt-to-income ratio—even for people with great credit? Ever wonder why that happens? Even for applicants with great credit scores? Understanding the balance between your debt-to-income (DTI) ratio and your credit score can make or break major financial decisions, like buying a …