Home Buying Tipstag:blogger.com,1999:blog-244119782006-11-06T01:57:31ZBlogger
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trueBrandon from HomeBuyingInstitute.com2006-11-05T17:43:00-08:002006-11-06T01:57:30Z2006-11-06T01:57:30Ztag:blogger.com,1999:blog-24411978.post-116277825093932906Home Buying Terminology - Debt-to-Income RatioAn A-to-Z review of common terms you'll encounter during the home buying process.
Debt-to-Income Ratio -- Also known as debt-to-earnings ratio, this ratio compares how much you make to how much you owe. In other words, it compares your total income (salary and other revenues) to your total debt (credit cards, current loans, etc.).
Mortgage lenders use your debt-to-income ratio to help determinefalseBrandon from HomeBuyingInstitute.com2006-10-10T05:08:00-07:002006-10-10T12:20:52Z2006-10-10T12:20:52Ztag:blogger.com,1999:blog-24411978.post-116048285245736590Home Buying Terminology - Credit ScoreAn A-to-Z review of common terms you'll encounter during the home buying process.
Credit Score -- In previous posts, we talked about credit reports and credit bureaus. Now we round out this particular discussion by defining what exactly a credit score is.
Your credit score is a computer-generated score used by a lender when determining whether or not to loan you money. Basically, the lenderfalse